1 Ian Grove, Mount Waverley VIC 3149

Family-sized home on large block | Quiet court location in Mount Waverley | Solar panels and study add practical appeal | Strong school catchment demand. This property offers a rare combination of generous 797m² land and a substantial 279m² floorplan in a sought-after Mount Waverley court location, which typically commands a premium for family buyers. The five-bedroom layout with a dedicated study and dual car accommodation positions it well for owner-occupiers seeking long-term space, particularly those prioritising proximity to Mount Waverley Secondary College and Mount Waverley Heights Primary. The solar panels and established gardens reduce ongoing costs and enhance liveability, while the absence of bushfire, flood, or heritage overlays simplifies due diligence and future renovation potential. The auction format and current indicative price range suggest strong competition is expected, especially given the limited turnover in Ian Grove—last sold 27 years ago. The primary risk is the property’s age and condition, as no recent interior updates are confirmed, meaning a buyer should budget for potential capital expenditure on kitchens, bathrooms, or structural upgrades. The 35% site coverage and 8m roof height may limit substantial vertical expansion without council approval, though the large lot allows for rear extensions or a future subdivision subject to Monash Council’s residential zoning. Rental demand is solid at an estimated $980 per week, offering a viable holding strategy if plans change. Buyers should approach with a clear renovation budget and a long-term ownership horizon to fully capture the land value growth.