1/24 Hansen Street, Mount Waverley VIC 3149
1/24 Hansen Street, Mount Waverley VIC 3149
3-bed 3-bath 204 m² townhouse | Rare triple-bath layout | Mount Waverley school zone | Family and downsizer appeal | Generous two-car accommodation
A generously proportioned three-bedroom townhouse is presented, with a rare three-bathroom configuration seldom found in local infill stock. The 204 m² footprint is considered substantial for a townhouse, offering genuine family space without the maintenance burden of a detached house. The property is positioned within the Mount Waverley Primary School and Mount Waverley Secondary College catchment, which is regarded as a strong drawcard for family buyers. This combination of size, configuration, and school access is expected to appeal most strongly to owner-occupiers, particularly young families seeking a secure school zone and downsizers wanting space with simplified upkeep.
Value may be materially shaped by the quality of internal finishes and kitchen or bathroom fixtures. Orientation of the main living areas and the size of private outdoor space might be expected to influence price, as natural light and usable outdoor areas are weighed carefully by buyers. Shared-area maintenance costs, given the multi-dwelling complex, may be factored into the offer.
>> Comparable Sales: 29 Hansen Street sold $1.61M in 2025; 1/4 Hansen Street sold $1.158M in 2018 | Property Price Band: $1.5M–$1.6M | Value Drivers: rare three-bath layout, school catchment, 204 m² footprint
Detailed Independent Property Report prepared by PropCred Analyst team for 1/24 Hansen Street, Mount Waverley VIC 3149
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
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
Bedrooms
3
Bathroom
1
Parking
1
Land
395m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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