16 Heany Street, Mount Waverley VIC 3149

672 m² block | Mount Waverley school zone | 3-bedroom townhouse | no overlay constraints The property’s primary buying case rests on its 672 m² land parcel within a sought-after school zone, a configuration rarely available at this price point in Mount Waverley. The absence of heritage, flood, or bushfire overlays reduces approval risk, making the site attractive to buyers seeking future flexibility. The existing three-bedroom layout with air conditioning and built-in robes suits a family seeking immediate occupancy, while the substantial land area positions it as a strong candidate for long-term capital growth. This property is best suited to a buyer who values a solid entry into a premium family suburb with potential for future reconfiguration. The main risk is the property’s off-market status and the lack of recent public sale data, which introduces valuation uncertainty—the estimated range of $1.35m to $1.77m is wide. Buyers should verify the actual building condition and confirm whether the internal area discrepancy (151 m² versus 204 m²) reflects an unapproved extension or measurement error. The opportunity lies in the land-to-price ratio: a 672 m² block in this location, with no overlay constraints, is increasingly scarce and may offer better long-term value than comparable townhouses on smaller lots.