15 Toirram Road, Mount Waverley VIC 3149
15 Toirram Road, Mount Waverley VIC 3149
4 bed, 3 bath, dual-level family layout | 709m² with ground-floor guest accommodation | Mount Waverley Secondary zone, walk to village and station | Rendered, updated finishes with parents’ retreat and balcony
This house holds a genuine edge for family buyers because the floor plan is unusually practical for a two-storey home. The ground-floor fourth bedroom with its own adjacent bathroom gives you genuine flexibility for guests, older children, or extended family without climbing stairs, while the upstairs master suite with parents’ retreat, walk-in robe, ensuite, and balcony offers a private zone that is rare in this price range. The 709m² block is substantial for the area, and the combination of ducted heating, split-system cooling, plantation shutters, and security shutters means the property has been maintained to a standard that reduces immediate post-purchase spending. The location is the other strong card — being inside the Mount Waverley Secondary College zone and within walking distance of the village, station, and primary school makes this a property that suits a family planning to stay for the school years. It sits comfortably above the typical Mount Waverley house in terms of size and finish, and the buyer it serves best is an owner-occupier with a healthy budget who values layout efficiency and school access over land speculation.
The value picture here may be shaped by a few factors worth weighing. The two-storey configuration with a ground-floor bedroom is a strong differentiator, but it may not suit buyers seeking a single-level home, which could narrow the buyer pool slightly. The rendered exterior and updated interiors suggest recent capital investment, and that condition may justify a premium compared to older, unrenovated stock in the immediate area. The 709m² block is not oversized, so the land component is moderate rather than exceptional, meaning the house’s layout and finish will likely carry more weight in the final price than raw land size. The balcony off the master suite and the multiple living zones add lifestyle appeal that may resonate strongly with families, but these features are not universal preferences. The school zone is a consistent demand driver in Mount Waverley, and that should underpin interest, though the absence of a stated build year means you may want to verify the property’s age and any structural history before forming a firm view on long-term maintenance expectations.
|| Comparable Sales: 16 Toirram Road, 5-bed on 705m², sold around $2.1M; 21 Toirram Road, 4-bed on 785m², sold near $1.65M | Property Price Band: $1.6M–$1.7M | Value Drivers: dual-level layout with ground-floor bedroom, updated condition and finishes, Mount Waverley Secondary zone proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Toirram Road, Mount Waverley VIC 3149
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Mount Waverley’s residential market centres on family-oriented housing, with a median house price of $1.65m and units at $1.1275m. Houses grew 1.2% annually, units 1.9%; days on market range from 39 to 57, indicating balanced turnover. Gross rental yields are low at 2.7% for houses and 3.3–3.6% for units. Demand is driven by professional families in couples-with-children households (53%), supported by above-$2,000 weekly incomes and high-performing public and private schools. Established buyers dominate, with 42% outright owners and over 30% aged above 55. Future growth hinges on Glen Waverley line rail upgrades, level crossing removals, and Monash precinct employment. Constraints include affordability stress from elevated prices and interest-rate sensitivity, tight supply, and limited new developments.
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PropCred Estimated Value
Comparable Sales: 16 Toirram Road, 5-bed on 705m², sold around $2.1M; 21 Toirram Road, 4-bed on 785m², sold near $1.65M | Property Price Band: $1.6M–$1.7M | Value Drivers: dual-level layout with ground-floor bedroom, updated condition and finishes, Mount Waverley Secondary zone proximity
Bedrooms
4
Bathroom
3
Parking
2
Land
709m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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