2/447 Waverley Road, Mount Waverley VIC 3149

2/447 Waverley Road, Mount Waverley VIC 3149
3 bed 2 bath 1 car | Pinewood & MWSC zone | Compact family townhouse | Rear low-maintenance courtyard | Rental yield edge This townhouse is positioned in a school-zone corridor where family demand is consistently strong. The three-bedroom, two-bathroom layout is a practical fit for young families, upgraders, or investors seeking steady rental appeal. A rear location supports privacy and low-maintenance courtyard living, both of which are highly valued in this suburb. It serves buyers who priorities school access and convenience over large land, and it sits at the compact end of the local townhouse mix. The single-car garage may reduce its appeal against double-garage competitors, and the absence of confirmed premium finishes might mean the price hinges on presentation and orientation. Proximity to a main road could affect perceived quietness, though this is not necessarily a value-negative. Buyers should weigh these factors when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2/447 Waverley Road, Mount Waverley VIC 3149
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✕ 2
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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: A recent 3-bed townhouse on the same road sold at $1.18M; a similar rear townhouse sold at $1.25M | Property Price Band: $1.1M–$1.2M | Value Drivers: School zone, layout efficiency, rear quiet position

Bedrooms

3

Bathroom

2

Parking

2

Land

209m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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