2/4 Allister Street, Mount Waverley VIC 3149
2/4 Allister Street, Mount Waverley VIC 3149
4-bed family townhouse | dual school catchment | 3-bathroom configuration | strong owner-occupier suburb | 2-car parking
This townhouse sits in a competitive position within Mount Waverley, where the configuration itself is the standout feature. Four bedrooms with three bathrooms and two parking spaces is not the typical compact townhouse format found across the suburb, and that extra bathroom and parking capacity makes it genuinely functional for a family household. The school catchment pairing of Essex Heights Primary and Mount Waverley Secondary College adds practical long-term appeal, particularly for buyers with children approaching school age. Given the suburb’s strong owner-occupier character, this property suits a family buyer who wants the space of a house without the maintenance burden, and who values being inside established school zones over maximising rental yield.
The value picture here is shaped more by configuration than by any single standout attribute. The 3-bathroom layout and dual parking may support a price premium over smaller townhouse stock, but the absence of confirmed land size and build year means the eventual sale price could be influenced by how the internal condition and presentation compare with expectations. The townhouse segment in this suburb has shown reasonable depth, and a property of this size may attract interest from both family buyers and investors seeking lower-maintenance exposure. Buyers should weigh how the property’s finish and outdoor space compare with newer townhouse stock, as those factors might narrow or widen the gap to detached house pricing.
|| Comparable Sales: 2/4 Rae Street, 3-bed townhouse, $1.031M; 1/4 Rae Street, 3-bed townhouse, block 402m² | Property Price Band: $1.1M–$1.2M | Value Drivers: bathroom count, parking capacity, school catchment position
Detailed Independent Property Report prepared by PropCred Analyst team for 2/4 Allister Street, Mount Waverley VIC 3149
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Mount Waverley’s residential market centres on family-oriented housing, with a median house price of $1.65m and units at $1.1275m. Houses grew 1.2% annually, units 1.9%; days on market range from 39 to 57, indicating balanced turnover. Gross rental yields are low at 2.7% for houses and 3.3–3.6% for units. Demand is driven by professional families in couples-with-children households (53%), supported by above-$2,000 weekly incomes and high-performing public and private schools. Established buyers dominate, with 42% outright owners and over 30% aged above 55. Future growth hinges on Glen Waverley line rail upgrades, level crossing removals, and Monash precinct employment. Constraints include affordability stress from elevated prices and interest-rate sensitivity, tight supply, and limited new developments.
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PropCred Estimated Value
Comparable Sales: 2/4 Rae Street, 3-bed townhouse, $1.031M; 1/4 Rae Street, 3-bed townhouse, block 402m² | Property Price Band: $1.1M–$1.2M | Value Drivers: bathroom count, parking capacity, school catchment position
Bedrooms
4
Bathroom
3
Parking
2
Land
736m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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