1 Manning Road, Malvern East VIC 3145

c1914 Edwardian | 551sqm land | heritage overlay | low energy score 3.5/10 This property presents a measured buying opportunity. The heritage overlay imposes strict exterior controls meaning any future renovation or extension will require council approval adding time and cost; budget an extra $30,000-$50,000 for consultant fees and delays. The low energy score of 3.5 signals poor insulation and likely single-glazed windows which will cost roughly $2,200 per year in above-average heating compared to the state standard. However the north-facing alfresco area and mature garden offer genuine lifestyle upside that typical Malvern East period homes lack. This is a hold-and-enjoy property not a quick flip. The competitive strength here lies in the original Edwardian fabric combined with an already functional modern layout. for a buyer seeking period charm without a full renovation project this house is rare. The study/rumpus room adds flexibility for a home office or childrens play area while the double garage with remote access is practical for daily use. The mature landscaped garden with irrigation is a differentiator in this price bracket. This property serves a family wanting character and immediate move-in comfort who values outdoor space over maximum site coverage The comparable sale at 53 Paxton Street at $2,850,000 for a larger 780sqm block confirms this listing’s premium for location and finish quality; the price reflects the premium for a turnkey Edwardian not raw land value. Your next step is to commission a pre-purchase building and pest inspection focused on the original fireplaces and roof structure given the 1914 construction date