1/2 Harris Cres, Glen Waverley VIC 3150
1/2 Harris Cres, Glen Waverley VIC 3150
North-facing frontage townhouse | no owners corporation | private driveway on 360m² | walk to The Glen and station | flexible four-bedroom layout
This townhouse is set apart by its house-like configuration: direct street frontage, a private driveway, and no active owners corporation are rarely combined in Glen Waverley infill stock. The north-facing orientation and 360m² allotment give it natural light and outdoor potential, while the formal living room can be used as a fourth bedroom, upstairs retreat, or study depending on household need. Near-town placement puts The Glen, train station, and Kingsway within easy reach. It is best suited to owner-occupiers wanting lower-maintenance living without losing a house feel, and to downsizers or families who value school proximity and Monash-linked transport.
Value may be affected by school catchment uncertainty and by an unconfirmed build year. A superior configuration might be priced at a premium over older shared-driveway stock, but slower selling on a comparable suggests limited buyer depth. The no-owners-corporation benefit should be weighed against maintenance duties, and confirmation sought that the layout needs no structural work.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/2 Harris Cres, Glen Waverley VIC 3150
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Glen Waverley holds a family-oriented position in Melbourne’s eastern suburbs, with owner-occupiers and families as the clear buyer base. House values are elevated at roughly $1.73–1.8m, with annual growth of 3.9–6.5% across sources, while units sit at $895k–990k and show flat to negative growth in most reports. Houses sell in 29–53 days, confirming steady but not overheated turnover. Demand is driven by strong school catchments, transport access, and community amenities, attracting established households seeking larger dwellings. Future growth relies on sustained school-driven interest and connectivity, but affordability constraints from $1.7m+ entry prices and auction sensitivity to rate conditions temper upside. House rental yields are thin at 2.24%, and unit yields only modestly better at 3.82%, reinforcing an owner-occupier-led market over investment demand.
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PropCred Estimated Value
Comparable Sales: 2/2 Hampstead Cres sold $1.225M | 2/755-757 Waverley Rd sold $935k | Property Price Band: $1.1M-$1.2M | Value Drivers: 360m² land, own frontage/no OC, north-facing layout
Bedrooms
3
Bathroom
2
Parking
2
Land
360m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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