SOLD
Sold on 10 Nov 2023 for $3,600,000

162-166 Waverley Road
Malvern East VIC 3145

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 836m2
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Property Details for 162-166 Waverley Rd, Malvern East

Building Type
Commercial
Land Size
836m2
Local Government
Stonnington
Lot/Plan
13/LP4748

Last Listing description (November 2023)

Colliers are pleased to present 162-166 Waverley Road, Malvern East, Available via Private Sale.
This expansive, dual frontage site, featuring substantial office improvements, is sensationally located in Malvern East, one of metropolitan Melbourne's most sought-after and affluent locations.

Key highlights include:

Substantial dual fronted site of 836m* featuring frontage to Waverley Road & rear laneway

High quality office building of 370m* comprising a mix of open plan areas, private offices, meeting rooms, board room and extensive staff amenity

Significant parking at the rear for 14 car spaces

Flexible Commercial 1 Zoning provides a multitude of multi-storey development outcomes, including residential, medical, commercial, retail or office (STCA)

North facing block ensures ample natural light along with stunning views to the north and south across the highly coveted Ardrie Park precinct

Premium location in highly sought-after Malvern East, close proximity to the Gascoigne and Ardrie Park Estates, featuring some of Melbourne's most expensive and prestigious residential real estate

Malvern East median house price of $2,125,000 (Source REIV)

Situated within close proximity to Monash University Caulfield Campus, a premier Australian university

Short walking distance from Caulfield Racecourse, soon to feature a $570m redevelopment into one of Melbourne's largest sporting and entertainment precincts

Further exceptional local amenity including Central Park, Caulfield Park, Ardrie Park, Waverley Road & Burke Road retail strips, Chadstone Shopping Centre, Malvern Central Shopping Centre, Cabrini Hospital, Caulfield Hospital & Koornang Road Carnegie

Quality education facilities in close proximity, including Monash University, Korowa Anglican Girls School, Sacre Coeur, Caulfield Grammar School (Malvern & Caulfield campus), Melbourne Grammar School (Grimwade campus), Glen Eira College, Saint Mary's Primary School, Lloyd Street School, Malvern Primary School

Property History for 162-166 Waverley Rd, Malvern East, VIC 3145

A timeline of how this property has performed in the market
Last Sold
$3,600,000
10 Nov 2023
  • 10 Nov 2023
    Sold for $3,600,000
  • 02 May 2023
    Listed for Sale Please contact agent
  • 21 Nov 2014
    Sold for $2,750,000
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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 12,559 properties. Over the last 5 years, Houses in Malvern East have seen a 17.33% increase in median value, while Units have seen a 2.55% increase. As at 31 October 2024:

  • The median value for Houses in Malvern East is $2,267,143 while the median value for Units is $658,303.
  • Houses have a median rent of $780 while Units have a median rent of $500.
There are currently 46 properties listed for sale, and 28 properties listed for rent in Malvern east on OnTheHouse. According to CoreLogic's data, 449 properties were sold in the past 12 months in Malvern east.

Suburb Insights for Malvern East 3145

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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.