1/56 Myrtle Street Glen Waverley VIC 3150

Renovated double-storey townhouse | larger 355m² lot | master suite with WIR & ensuite | Glen Waverley heart position This property presents a competitively strong offering due to its configuration and renovation level within its segment. A four-bedroom townhouse on a 355 square metre lot exceeds the typical unit footprint, providing rare ground space in this suburb. The full double-storey renovation and master suite retreat position it above standard stock, serving a buyer seeking house-like amenities without a standalone house budget, likely a growing family or professional. Its location in the heart of Glen Waverley ensures sustained demand from those prioritising access to established amenities. Proceed with the decision anchored to its 2023 resale, which indicates a short holding period requiring scrutiny of the vendor’s motive. The price guide sits above the automated valuation, creating a risk of overpayment in a market where the median house price is a key benchmark. The commercial logic is to acquire a modernised, low-maintenance property in a prime position, but the final bid must reflect its unit title, not a house premium. Use this property as a long-term hold to benefit from location-driven capital growth. Our advisory report will ground your offer with a real market valuation, strata checks, and locality risk assessment to secure this distinct townhouse. Recent suburb sales data for four-bedroom houses shows a median of $1.67 million. This establishes a value ceiling, confirming this townhouse must transact at a logical discount to comparable houses, reinforcing the importance of precise comparables analysis.