2/4 Rae Street, Mount Waverley VIC 3149

Quiet street | 90% owner-occupied | strong school catchment | low-maintenance townhouse This townhouse presents a rare combination of a low-maintenance footprint and a location that is highly owner-occupied, which typically reduces turnover and supports stable capital growth. The 330m² land size is modest but efficient for a three-bedroom, two-bathroom layout with a double garage, making it suitable for families seeking proximity to Burwood East Primary School and Mount Waverley Secondary College. The property is competitively positioned for buyers who prioritise convenience and a quiet street profile over larger land holdings, and the scheduled auction timeline suggests a controlled sales process that may favour prepared buyers. The primary risk is the land size, which is significantly smaller than the adjacent off-market unit at 1/4 Rae Street, potentially limiting long-term redevelopment appeal. However, this also keeps the entry price lower in a suburb with strong demand and an 84% auction clearance rate. The property has been on the market for only six days, indicating early-stage exposure; buyers should monitor inspection attendance for signs of competition. The lack of recent sales data on Rae Street adds some pricing uncertainty, but the agent’s guide is below the estimated value of the comparable unit, suggesting room for negotiation if interest is subdued.