OFF MARKET

610 Blackburn Road
Glen Waverley VIC 3150

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Land area: 732m2
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Last updated 11 Nov 2024
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Property Details for 610 Blackburn Rd, Glen Waverley

610 Blackburn Rd, Glen Waverley is a 4 bedroom, 1 bathroom House. The property has a land size of 732m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Land Size
732m2
Local Government
Monash
Lot/Plan
24/LP43335

Last Listing description (August 2024)

Situated on an ample 732sqm approx. plot, this well-maintained three bedroom home presents an excellent opportunity for a profitable investment. Its prime location within walking distance of Monash University adds to its appeal, especially considering the inclusion of rare approved plans and permits for the construction of a highly lucrative 14-unit rooming house.

The clever two townhouse design boasts seven bedrooms, seven ensuites, and two car spaces per unit, making it a highly attractive investment prospect. Conveniently served by bus routes to M-City Shopping Centre, the train station, and Deakin University, the property is also a short stroll away from Pinewood Shopping Centre and enjoys immediate access to the Monash Freeway. The location is ideal for families seeking to build a spacious residence or townhouses, subject to council approval (STCA), with prestigious schools like Wesley College and Caulfield Grammar nearby, as well as The Glen and Brandon Park Shopping Centre.

- Enormous investment potential with hard-to-secure permits

- On a large 732sqm approx. block
- Walking distance to Monash University
- Approved plans and permits to build a 14-unit rooming house
- Metres from Pinewood Shopping Centre and the Monash Freeway
- Buses at the door to M-City Shopping Centre, train and Deakin Uni
- Near Wesley College and Caulfield Grammar
- Close to The Glen and Brandon Park Shopping Centre

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Property History for 610 Blackburn Rd, Glen Waverley, VIC 3150

A timeline of how this property has performed in the market
Last Sold
$1,280,000
02 Sep 2023
  • 02 Sep 2023
    Sold for $1,280,000
  • 23 Jun 2023
    Listed for Sale Not Disclosed
  • 02 Jun 2018
    Sold for $915,000
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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 19,558 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.
There are currently 97 properties listed for sale, and 67 properties listed for rent in Glen waverley on OnTheHouse. According to CoreLogic's data, 739 properties were sold in the past 12 months in Glen waverley.

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