58 Mount Street, Glen Waverley VIC 3150

Renovated 5-bed layout on 737sqm | Walk to Glen Waverley station and shops | Zoned for sought-after secondary college | Recent 2023 sale at $2.265m signals strong capital growth. The property’s primary strength is its rare combination of a fully updated five-bedroom, five-bathroom configuration on a near-750sqm rectangular lot in a tightly held pocket of Glen Waverley. This layout directly targets the premium family buyer demographic seeking lock-and-leave convenience without sacrificing space. The north-south orientation and absence of overlay constraints provide a clean development or renovation pathway, while the proven 2023 auction result at $2.265m demonstrates established demand and a clear price floor. For a buyer, this represents a strategic entry into a suburb with a median house price of $2.43m and a 56% clearance rate, offering immediate utility and long-term capital growth potential. The primary risk is the significant gap between the current listing price of $4.5m-$4.8m and the automated valuation estimates of $2.3m-$2.6m, which may reflect an over-optimistic vendor expectation post-renovation. Buyers should treat the listing price as aspirational and anchor negotiations closer to the recent sale history plus a reasonable premium for the upgrade. The conflicting agent records from the 2023 sale suggest a need for careful due diligence on the renovation scope and council approvals. The opportunity lies in the property’s walkability to Glen Waverley Primary School and the secondary college, which sustains rental demand at an estimated $685-$765 per week, providing a holding strategy while the market absorbs the new configuration. Hold for medium-term family occupation or reposition as a high-yield rental.