11 Glen Tower Drive, Glen Waverley VIC 3150
11 Glen Tower Drive, Glen Waverley VIC 3150
New build | 657m² | school zone | French Provincial | 5 bed | 4 bath | double garage | premium pocket
This house sits at the top end of Glen Waverley’s housing profile, combining a substantial 657m² parcel with a recently completed, high-specification build. The French Provincial styling, multiple living zones, butler’s kitchen, and premium finishes such as herringbone timber flooring and coffered ceilings place it well above standard suburban stock. It is positioned inside the Mount View Primary and Glen Waverley Secondary College zones, which is a significant driver for family buyers. The property is best suited to owner-occupiers seeking a turn-key prestige home in a strong school catchment, rather than investors chasing yield.
The value picture may be shaped by a few factors. The bedroom count appears inconsistent across records, which could create confusion during due diligence and may need verification against the title and floor plan. The property’s premium price point likely narrows the buyer pool compared to more modest family homes in the area, and the low rental yield relative to capital value suggests limited investor demand. The ongoing prestige redevelopment in the immediate street may support values, but it also means the neighbourhood character is still evolving. Buyers should weigh the quality of construction and finishes against the lack of verified settled sales in the immediate vicinity.
|| Comparable Sales: 77 Glen Tower Drive sold previously as a 5 bed on 660m²; 49 Glen Tower Drive listed as a 5 bed luxury home on 652m² | Property Price Band: $2.4M–$2.5M | Value Drivers: land size, build quality and finishes, school zone positioning
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Glen Tower Drive, Glen Waverley VIC 3150
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Glen Waverley holds a family-oriented position in Melbourne’s eastern suburbs, with owner-occupiers and families as the clear buyer base. House values are elevated at roughly $1.73–1.8m, with annual growth of 3.9–6.5% across sources, while units sit at $895k–990k and show flat to negative growth in most reports. Houses sell in 29–53 days, confirming steady but not overheated turnover. Demand is driven by strong school catchments, transport access, and community amenities, attracting established households seeking larger dwellings. Future growth relies on sustained school-driven interest and connectivity, but affordability constraints from $1.7m+ entry prices and auction sensitivity to rate conditions temper upside. House rental yields are thin at 2.24%, and unit yields only modestly better at 3.82%, reinforcing an owner-occupier-led market over investment demand.
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PropCred Estimated Value
Comparable Sales: 77 Glen Tower Drive sold previously as a 5 bed on 660m²; 49 Glen Tower Drive listed as a 5 bed luxury home on 652m² | Property Price Band: $2.4M–$2.5M | Value Drivers: land size, build quality and finishes, school zone positioning
Bedrooms
5
Bathroom
4
Parking
2
Land
657m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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