FOR RENT
$29,000 p/a + GST + Outgoings

119 Waverley Road
Malvern East VIC 3145

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 150m2
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VERSATILE SHOP AND DWELLING

Ray White Commercial Oakleigh is pleased to offer 119 Waverley Road Malvern East for Lease, this affordable main road shop with 3 bedroom dwelling is offered at an affordable price and offers a great position for any business.
This versatile property can suit a variety of uses STCA and is situated in a highly desirable location.
The property is surrounded by quality boutiques and cafes with immediate access to numerous local schools and public transport.
Property Features:
• Total building area | 150m2 approx.
• Consisting of ground floor retail and first floor 3 bedroom dwelling/commercial space.
• Including living room and kitchen / meals area.
• Retail area | 35m2 approx.
• Moments from East Malvern Railway Station and the M1 Freeway.
• Daily foot traffic.
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Property Details for 119 Waverley Rd, Malvern East

Building Type
Commercial
Floor Size
150m2

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About Malvern East 3145

The size of Malvern East is approximately 7.7 square kilometres. It has 25 parks covering nearly 14.3% of total area. The population of Malvern East in 2011 was 20,066 people. By 2016 the population was 21,713 showing a population growth of 8.2% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation. In 2011, 68% of the homes in Malvern East were owner-occupied compared with 64.9% in 2016.

Malvern East has 12,619 properties. Over the last 5 years, Houses in Malvern East have seen a 17.83% increase in median value, while Units have seen a 4.48% increase. As at 31 July 2024:

  • The median value for Houses in Malvern East is $2,159,190 while the median value for Units is $662,277.
  • Houses have a median rent of $800 while Units have a median rent of $495.
There are currently 50 properties listed for sale, and 23 properties listed for rent in Malvern east on OnTheHouse. According to CoreLogic's data, 440 properties were sold in the past 12 months in Malvern east.

Suburb Insights for Malvern East 3145

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George Kelepouris
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Ray White Commercial Oakleigh
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.