12 Damon Road, Mount Waverley VIC 3149
12 Damon Road, Mount Waverley VIC 3149
Renovated single-level house | 734 m² block | school catchment | development potential | family demand
This house holds a rare combination in Mount Waverley: a genuinely high-end renovation on a substantial 734 m² block, positioned within sought-after school catchments. The single-level layout, engineered timber floors, and premium bathroom finishes make it immediately liveable, while the land size offers flexibility that many nearby homes lack. It suits a family buyer seeking move-in-ready quality without compromising on space, or someone looking to hold a strong property while keeping future options open.
The property’s value may be shaped by its development potential, given the block size and street context where larger lots attract interest from those planning dual-occupancy or subdivision, subject to council approval. The absence of disclosed building age and aspect might warrant a building inspection and site orientation check before bidding. Buyer competition could come from both owner-occupiers and investors, which may push the final price beyond what a standard renovated home might achieve, so setting a clear budget based on the house’s quality and land value is advisable.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Damon Road, Mount Waverley VIC 3149
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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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: 36 Damon Road sold $950,180 in 2022; 32 Damon Road listed $1.35M–$1.45M | Property Price Band: $1.3M–$1.4M | Value Drivers: renovation quality, land size, school catchment
Bedrooms
3
Bathroom
2
Parking
2
Land
734m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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