1/46 Waverley Road, Chadstone VIC 3148
1/46 Waverley Road, Chadstone VIC 3148
2-bed townhouse with 3 baths | street-fronted in a near-new cluster | low-maintenance with house-like feel | Chadstone’s retail and freeway pull
This townhouse sits in a genuinely useful spot for buyers who want the feel of a house without the upkeep. Three bathrooms in a two-bedroom layout is an unusual configuration, and it points to a design that prioritises guest convenience or shared living arrangements. The street frontage adds a layer of privacy and presence that internal units simply don’t offer, and the near-new build quality means the costly stuff, like structure and finishes, is already sorted. It suits a professional couple or a downsizer who wants to lock in a modern, efficient floorplan near Chadstone’s retail core and the Monash corridor, without taking on a larger block or an older home’s maintenance.
The value picture here may hinge on how the internal layout actually flows, since the listing material is light on specifics like whether the bedrooms sit on the same level or how the living zone connects to outdoor space. The 237 m² lot is generous for a townhouse, but what matters is how much of that is usable private outdoor area versus driveway or hardstand. School catchment boundaries in this pocket can shift buyer interest noticeably, and while the property sits near solid public options, the exact zone placement may influence resale appeal for family buyers. Traffic noise from Waverley Road is worth checking in person, as the thoroughfare’s activity could affect how the front rooms feel.
|| Comparable Sales: 3/46 Waverley Road sold in the $1.05M–$1.15M range; 2/155–157 Waverley Road sold May 2025 | Property Price Band: $800K–$900K | Value Drivers: near-new condition, street-fronted layout, 237 m² land size
Detailed Independent Property Report prepared by PropCred Analyst team for 1/46 Waverley Road, Chadstone VIC 3148
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Chadstone presents a family-oriented market of 9,554 residents, where professional households aged 30-39 drive demand for detached housing. Price data diverge: the January 2026 median house value is $1,162,908, a 3.3% annual change, while other sources range from $1.29M to $1.4M. Units are stronger at $888,000, appreciating 10.3% annually. Houses sell in 29-68 days, units in about 40. Rental yields are 3.5% for houses and 4.1% for units; rents rose 16.1% and 10.9% annually respectively. Sustained rental pressure supports growth, but the wide price range, slower house growth, and affordability constraints expose rate sensitivity as the principal risk.
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PropCred Estimated Value
Comparable Sales: 3/46 Waverley Road sold in the $1.05M–$1.15M range; 2/155–157 Waverley Road sold May 2025 | Property Price Band: $800K–$900K | Value Drivers: near-new condition, street-fronted layout, 237 m² land size
Bedrooms
2
Bathroom
3
Parking
1
Land
237m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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