24 Kinnoull Grove, Glen Waverley VIC 3150

24 Kinnoull Grove, Glen Waverley VIC 3150
Glen Waverley GWSC zone | 650sqm rectangular block | 17m frontage | 1960s brick house for renewal or rebuild. The property’s primary competitive strength is its location within the Glen Waverley Secondary College zone on a 650sqm rectangular block with a 17m frontage, a configuration increasingly rare in this catchment. The absence of flood, bushfire, or heritage overlays removes common approval friction, making this a clean site for a significant renovation or a full rebuild. For a buyer seeking a family home in a blue-chip school catchment with long-term capital growth, this house offers a positional advantage that few nearby listings match. The 80% owner-occupier ratio on the street reinforces stable demand character. The principal risk is the property’s age and single-bathroom layout, which will require a material capital outlay to bring it to contemporary family standards. The 29% site coverage leaves substantial room for expansion, but buyers should budget for a full structural and services upgrade. The confirmed NBN and 5G coverage support modern living without further infrastructure cost. This property is best held as a long-term family home within the GWSC zone, where land value appreciation is the primary return driver.
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 Kinnoull Grove, Glen Waverley VIC 3150
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk ! 1
Income Risk 2
Execution Risk 2
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Market Insight

Glen Waverley is a premium, family-centric suburb anchored by its highly regarded school catchments, which are a primary driver of demand from owner-occupiers. This has supported consistent price growth for houses, though the market shows some sensitivity to broader economic conditions. Future demand is underpinned by these established educational amenities and strong community infrastructure, yet significant entry prices present a notable affordability constraint for new buyers.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

2

Land

650m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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