40 Kauri GroveGlen Waverley VIC 3150
Property Details for 40 Kauri Gr, Glen Waverley
40 Kauri Gr, Glen Waverley is a 7 bedroom, 4 bathroom House with 1 parking spaces. The property has a land size of 648m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 7 bedroom House sold in Glen Waverley in the last 12 months.
Last Listing description (October 2024)
Ripe and ready for redevelopment (STCA), progress is already underway with plans submitted to build two double storey side by side townhouses on the flat 648sqms (approx.) block and its wide 19m (approx.) frontage.
Your income stream is assured with a tenanted 5-bed house plus a rear unit with 2 extra bedrooms, a 2nd kitchen and an upstairs rumpus with a balcony.
With so many bedrooms, bathrooms and living areas, the sprawling property is suited to share house rental for multiple tenants including university students attending Monash and Deakin Universities.
The location's appeal is that it's close to the corner shop, Central Reserve and its park and playgrounds, the city to coast gateway of Monash Fwy and Eastlink and just a 5min drive to Brentwood Secondary College and The Glen.
A development project awaiting approval for permits puts you in a great position to reap the rewards of Glen Waverley's boom, with median house values at $1.752 and median units at just over $1million (Source: REIV Q2 2024) in the esteemed suburb.
Property History for 40 Kauri Gr, Glen Waverley, VIC 3150
- 06 Oct 2024Sold for $1,260,000
- 13 Sep 2024Listed for Sale SOLD - $1,260,000
- 03 Jun 2015Transferred
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About Glen Waverley 3150
The size of Glen Waverley is approximately 16.8 square kilometres. It has 53 parks covering nearly 13.2% of total area. The population of Glen Waverley in 2011 was 39,204 people. By 2016 the population was 40,331 showing a population growth of 2.9% in the area during that time. The predominant age group in Glen Waverley is 10-19 years. Households in Glen Waverley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation. In 2011, 76.4% of the homes in Glen Waverley were owner-occupied compared with 72.6% in 2016.
Glen Waverley has 19,566 properties. Over the last 5 years, Houses in Glen Waverley have seen a 25.47% increase in median value, while Units have seen a 12.61% increase. As at 31 October 2024:
- The median value for Houses in Glen Waverley is $1,720,848 while the median value for Units is $922,039.
- Houses have a median rent of $700 while Units have a median rent of $650.
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