23 Eileen Street, Mount Waverley VIC 3149
23 Eileen Street, Mount Waverley VIC 3149
Broad 18.5m frontage | Flat 670m² block | School zone family draw | 4-bed family config
The property’s defining strength is found in its land. A flat 670m² block with an 18.5-metre frontage is rarely seen in Mount Waverley, and generous space with redevelopment potential is provided. Family buyers seeking room to grow are strongly attracted, particularly given the Mount Waverley Secondary College zone association. The four-bedroom, two-bathroom layout is standard for the area, but it sits on land that is distinctly broader than typical suburban lots. This combination serves best those who value school proximity and land dimensions over a fully updated interior. A compelling opportunity is offered for such buyers.
The property’s age and internal condition have not been disclosed, so a building inspection may be considered prudent. Parking records vary between one and three spaces, and this discrepancy could be thought to affect valuation by different buyer groups. The actual finish level of the house is also unverified, meaning its quality may not be fully reflected in the price. These factors should be weighed when a price view is formed, though the land’s attributes remain a strong anchor.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Eileen Street, Mount Waverley VIC 3149
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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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
2
Parking
1
Land
670m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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