2/10 Capon Street, Malvern East VIC 3145

Townhouse, 3-bedroom, Malvern East, Chadstone walkable | Owner-renter balance, 64% clearance | 158m² land, 2-car garage | Last sold 2018, multiple agencies. The 158-square-metre land holding on a four-property street offers a rare configuration edge in Malvern East, where townhouses on smaller blocks are typically compromised. The 50/50 owner-renter split and 64% auction clearance rate suggest a liquid market without speculative froth. Proximity to Chadstone Shopping Centre and Oakleigh Primary School strengthens appeal for professional couples or downsizers seeking low-maintenance living with established amenity. The dual garage parking is a functional differentiator in a suburb where off-street parking is frequently constrained. The primary risk is the property’s positioning as one of four on Capon Street, which may limit capital growth relative to freestanding houses on larger lots. The 2018 sale history and current multi-agency marketing could indicate price discovery challenges in a market where 86 properties have sold this year. However, the 53% long-term resident ratio and 50% owner occupancy reduce the likelihood of rental-dominated turnover nearby. For a buyer prioritising walkability and a solid floor plan over land speculation, this townhouse presents a defensible entry point into Stonnington’s tighter price band.