13 Illowa StreetMalvern East VIC 3145
Property Details for 13 Illowa St, Malvern East
Last Listing description (November 2023)
Jones Real Estate is pleased to offer this exceptional permit approved luxury residential development opportunity for your consideration. 13 Illowa Street, Malvern East is For Sale via Expressions of Interest closing Wednesday 15th November 2023 at 12pm (AEDT).
This exclusive development opportunity is perfectly situated in one of Melbourne's most tightly held blue chip suburbs of Malvern East. Renowned for its tree-lined streets and seamless accessibility to surrounding areas, the property's location is underpinned by key lifestyle & amenity drivers, arterial road networks, abundance of public transport options and a plethora of Melbourne's finest educational institutions.
Offering a perfect combination of quiet suburban living and exceptional convenience, Malvern East allows fantastic access to Melbourne's Central Business District & surrounding suburbs.
Key highlights to this development opportunity include:
- An exceptional boutique land holding of 637sqm* in one of Melbourne's finest and sought-after leafy suburbs Malvern East.
- The property is permit approved for a luxurious residential development with schemes to develop 4 spacious townhouses^, entailing 3 & 4-bedroom product plus secure car parking. Plans and permit information is available upon request.
- Positioned on the doorstep of well-loved parks and walking tracks including Central Park Malvern East, Capital City Trail, Hedgeley Dean Gardens, TH King Reserve and Gardiners Creek Trail.
- Surrounded by Victoria's leading private education facilities including Sacre Coeur, Korowa, Caulfield Grammar, St Kevin's College and Scotch College.
- Cafs and lively retail strips on Burke Road, Malvern Road, Glenferrie Road, Malvern and High St, Armadale all within walking distance.
- The property also boasts incredible accessibility to public transport including Darling Railway Station (70m*), Glen Iris Railway Station (1.2km*), Malvern Rd/High St tram stop (1.3km), Burke Rd/Wattletree Rd tram stop (1.3km*) plus seamless access to the Monash Freeway (1.5km*).
- Residential Growth Zone - Schedule 2 (RGZ2) offering over 16m* of direct frontage to Illowa Street.
*Approx.
^Subject to council approval.
For further information, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Property History for 13 Illowa St, Malvern East, VIC 3145
- 24 Feb 2024Sold for $2,035,000
- 12 Oct 2023Listed for Sale Contact Agent
- 17 May 2014Listed for Sale FROM $360,000
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0About 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 12,617 properties. Over the last 5 years, Houses in Malvern East have seen a 9.32% increase in median value, while Units have seen a -4.80% decrease. As at 31 August 2024:
- The median value for Houses in Malvern East is $2,114,730 while the median value for Units is $643,028.
- Houses have a median rent of $795 while Units have a median rent of $500.
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