1/38 Illuka Cres, Mount Waverley VIC 3149

Freestanding townhouse | dual school zone | high-end finish | no overlays | strong auction market This property occupies a rare position in Mount Waverley: a freestanding townhouse on its own title with no bushfire, flood, or heritage constraints, sitting inside both Pinewood Primary and Glen Waverley Secondary College zones. For a family buyer, that dual-school catchment alone narrows the field of comparable properties significantly. The open-plan layout with a skylit void and timber floors gives it a feel closer to a detached house than a typical townhouse, which matters when resale time comes and buyers compare against newer builds. The 301-square-metre land is modest but efficient, and the absence of restrictive overlays means future renovations or extensions remain possible without council complications. This property suits a buyer prioritising school access and low-maintenance living over land banking. The main risk is pricing against a median house market that sits around $1.6 to $1.7 million, meaning this townhouse must trade on its finish and location rather than land value. If the auction pushes past $1.55 million, it enters territory where a small older house on a larger block becomes an alternative for some buyers. Rental demand is solid at around $980 per week, which supports an investor if the purchase price lands at the lower end of the guide. The NBN hybrid fibre coaxial connection is adequate but not a premium feature. Hold this property as a family home first, and let the school zones do the value work over time.