1/103 Capital Avenue, Glen Waverley VIC 3150

Brand-new 4-bedroom townhouse | 300sqm land in Glen Waverley | zoned for Highvale Secondary College | double garage with high ceilings. This property offers a rare configuration edge in Glen Waverley: a brand-new four-bedroom townhouse on a full 300sqm lot with a double garage, placing it above typical compact infill. The generous 229sqm floorplan with high ceilings and open-plan living serves families seeking modern space without a full house price. Its position within walking distance to Highvale Secondary College and Camelot Rise Primary School strengthens appeal for buyers prioritising school catchments. The property is best suited to owner-occupiers wanting a low-maintenance, contemporary home in a high-demand suburb where houses have appreciated over 33% in five years. The primary risk is price exposure: the estimated value of $1.66m sits above the listed guide, meaning a buyer may need to stretch to secure it. The 300sqm land is smaller than the parent block’s 1046sqm, limiting future subdivision potential. Rental yield at $950/week is modest relative to the price, making this a weaker proposition for investors. The opportunity lies in buying a turnkey property with no renovation costs in a suburb with strong clearance rates. Hold for family occupation or medium-term capital growth; do not expect short-term flipping margins.