9 Silver Street, Malvern VIC 3144
9 Silver Street, Malvern VIC 3144
North-facing corner dual frontage | rare redevelopment potential | quiet tree-lined Malvern pocket | walking distance to station and schools
This house holds a genuinely uncommon position in Malvern. The combination of a north-facing corner allotment with dual frontage to Silver and Willow Streets creates a site that is both light-filled and flexible, offering options that a standard single-frontage block cannot match. It serves a family buyer who values space, light, and proximity to Tooronga Station, Malvern Village, and elite schools, while also appealing to a renovator or developer looking at the property’s long-term potential. The existing layout with open-plan living, a separate kitchen and family area, and a master suite with walk-in robe and ensuite is practical and liveable, though the interior finishes are not documented in detail. The land size of roughly 516 square metres is moderate for the area, but the configuration and orientation are what set this property apart.
The property’s value may be shaped by its redevelopment potential, subject to council approval, which could attract interest from builders as well as owner-occupiers. The lack of detected bushfire, flood, or heritage overlays reduces some planning uncertainty, which may support a smoother approval process. The estimated rental income of around $970 per week suggests steady demand, but the gross yield is modest, reflecting the high land value relative to income. The age and condition of the building are not confirmed, so a buyer should weigh the cost of any updates or renovations against the site’s inherent advantages. The dual-frontage corner form and north aspect are likely to be the strongest drivers of interest and competition.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Silver Street, Malvern VIC 3144
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
This suburb sits as a high-value, mixed-density market, split 46% houses and 54% units, with house prices at $2.6–2.7M and units at $650–710K. Families and owner-occupiers dominate demand, reflecting the large housing stock and thin turnover of roughly 110–130 house sales annually. Price trends over the past year are firmly negative: houses fell sharply, with most sources indicating double-digit declines, while units showed more resilience, ranging from -14% to a marginal +0.2%. Buyer conditions favour negotiating, given softer values and limited sales depth. Rental demand remains solid, with median house rents between $825 and $1,120 per week and units near $580–$590, yet yields are modest: around 2% for houses and 3.6–4.3% for units. Future growth hinges on interest rate stability and buyer confidence returning to the upper end. Key constraints are affordability, rate sensitivity, and a thin, high-value transaction pool that amplifies price swings.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 16 Silver Street sold at $4.675M; 2 Silver Street guided at $3.3M–$3.6M | Property Price Band: $2.9M–$3.1M | Value Drivers: corner dual frontage, north orientation, redevelopment potential
Bedrooms
3
Bathroom
2
Parking
2
Land
516m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!