1 Nicholson Avenue, Mount Waverley VIC 3149
1 Nicholson Avenue, Mount Waverley VIC 3149
4 bedroom, 2 bathroom detached house on 767m². Single story. Estimated value between $1.516m and $1.62m. Located in Mount Waverley.
This property is positioned well above the typical entry-level family home in Mount Waverley, primarily due to its four-bedroom configuration and substantial land size. The combination of a 767m² lot with four bedrooms is not common in this part of the suburb, which gives it a competitive edge for families who need both internal space and outdoor room. It sits in a residential street that is predominantly detached houses, which supports a consistent neighbourhood character and stable demand. The property is best suited to a family buyer looking for a long-term home with room to grow, rather than an investor seeking high turnover or a downsizer wanting low maintenance.
The absence of recent sales data for this specific property means any price view should be formed carefully. The estimated value range of $1.516m to $1.62m is broad, and factors like the unknown construction year, interior condition, and orientation could materially affect where it lands within that range. A buyer should weigh the cost of potential updates if the house is older, and consider how the single-story layout compares to newer or renovated stock in the area. The rental yield signal for four-bedroom homes in Mount Waverley is modest, which may temper investor interest but does not diminish the property’s appeal to owner-occupiers.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Nicholson Avenue, Mount Waverley VIC 3149
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Mount Waverley is a premium, family-centric suburb characterised by strong demand from high-income professionals drawn to its top-tier schools and established neighbourhoods. This demographic is driving consistent, albeit modest, price growth in a market with low stock and competitive sales volumes. Future performance is underpinned by its enduring appeal to families and planned transport upgrades, though high entry prices and sensitivity to interest rates present notable constraints on affordability and accessibility.
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PropCred Estimated Value
Bedrooms
4
Bathroom
4
Parking
2
Land
432m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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