43 Argyll Street, Malvern East VIC 3145
43 Argyll Street, Malvern East VIC 3145
North-facing 650sqm | golf-course parkland edge | first sale in 75 years | permits for two dwellings | original 1950s fabric
The rarity of this property is found in its combination of scale and position. A north-facing 650sqm parcel in a tightly held pocket bordering the golf course and creek parkland is seldom offered. The house is a 1950s brick build with hardwood floors, high ceilings, two living areas, presented immaculate after 75 years of single-family ownership. Yet the deeper value lies in optionality: council-approved permits for two dwellings have been referenced, allowing occupation, renovation, or rebuilding without starting from scratch. It suits two buyer types: families drawn to the parkland setting and established school zones, plus investment-minded buyers seeking a flexible holding strategy.
The key price factor is condition relative to land. A two-bedroom original may trade below renovated four-bedroom examples nearby. But approved two-dwelling permits might shift value from house to land, for those intending to build. The north-facing 650sqm should command a premium given scarcity. Immediate leasability may support rental demand, and no overlays were flagged.
Detailed Independent Property Report prepared by PropCred Analyst team for 43 Argyll Street, Malvern East VIC 3145
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Malvern East is a premium, family-oriented suburb where house values reached a $2.17m median, growing 5.72% annually, while units sit at $605k with 1.68% growth. Strong school catchments, transport links and employment proximity drive demand from professionals and families, with a high owner-occupier profile. Houses sell in 27 days over 243 annual sales, reflecting consistent turnover. Rental yields are low for houses at 2.16% but stronger for units at 4.52%. Future growth is supported by ongoing lifestyle appeal and infrastructure access, though high entry prices and interest-rate sensitivity are key constraints.
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PropCred Estimated Value
Comparable Sales: 5 Argyll Street, a 4-bed 650sqm house sold 2018 for about $1.45M | Property Price Band: $1.3M to $1.4M | Value Drivers: north-facing land size, approved two-dwelling permits, original condition
Bedrooms
2
Bathroom
1
Parking
3
Land
650m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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