SOLD
Sold on 16 Mar 2024 for $1,500,000

5 Oravel Avenue
Malvern East VIC 3145

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 1006m2
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Property Details for 5 Oravel Ave, Malvern East

5 Oravel Ave, Malvern East is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1006m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in Malvern East in the last 12 months.

Building Type
House
Land Size
1006m2
Local Government
Stonnington
Lot/Plan
163/LP10109

Last Listing description (March 2024)

A beautiful parkland position and vast land dimensions of 1,006 sq m approx., sets the unrivalled potential of this remarkable opportunity.

Move in and enjoy or lease out the existing 2 bedroom, 1 bathroom home providing all the comfort for now, whilst designing and planning your dream residence or multi-townhouse redevelopment (STCA).

Capitalise on the parkland views offered by neighbouring OT Flight Reserve, and a coveted location a walk to East Malvern station, Chadstone shopping centre, Waverley Oval, Scotchman's Creek Trail and Malvern Road cafes.

Terms: 10% deposit, balance 60/90/120 days

Property History for 5 Oravel Ave, Malvern East, VIC 3145

A timeline of how this property has performed in the market
Last Sold
$1,500,000
16 Mar 2024
  • 16 Mar 2024
    Sold for $1,500,000
  • 09 Feb 2024
    Listed for Sale $1,250,000 - $1,350,000
  • 01 Nov 2023
    Listed for Sale Not Disclosed
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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 12,570 properties. Over the last 5 years, Houses in Malvern East have seen a 30.50% increase in median value, while Units have seen a 2.55% increase. As at 30 September 2024:

  • The median value for Houses in Malvern East is $2,255,080 while the median value for Units is $647,988.
  • Houses have a median rent of $800 while Units have a median rent of $500.
There are currently 47 properties listed for sale, and 21 properties listed for rent in Malvern east on OnTheHouse. According to CoreLogic's data, 451 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.