34 Andrew Street, Mount Waverley VIC 3149
34 Andrew Street, Mount Waverley VIC 3149
This single-storey house at 34 Andrew Street, Mount Waverley offers 3 bedrooms, 1 bathroom, and 1 car space on a generous 725m² lot with an estimated value of $1,664,000. The 480m² internal area is notably spacious, and the property is positioned in a sought-after family-oriented pocket of the suburb where generous land is increasingly uncommon.
The standout strength here is the land itself. At approximately 725m², the lot is larger than much of the newer stock in Mount Waverley, which often sits on subdivided blocks under 500m². This creates genuine potential for renovation, extension, or even subdivision under Monash Council zoning, making the property rare for its configuration. The single-storey layout and abundant natural light further enhance its appeal to families seeking a relaxed lifestyle without stairs. This house is best suited to buyers who value future flexibility-whether that means updating the existing home or unlocking the land’s latent value. Its positioning within the suburb is strong, as Mount Waverley consistently attracts families and investors drawn to its established character and school reputation.
The three-bedroom, one-bathroom configuration may limit appeal among larger families unless renovated, and the single garage is modest for a family home. The high entry price around $1.6 million might compress rental yields compared to cheaper stock in the area, though demand remains robust. The property’s development potential is a key factor to weigh, as the generous lot could support dual occupancy or a significant extension, but this depends on council approval and local zoning rules. Buyers should also consider that the building age is not confirmed, so structural or compliance costs may emerge during renovations. These factors may influence how the property is valued relative to its immediate competition.
Detailed Independent Property Report prepared by PropCred Analyst team for 34 Andrew Street, Mount Waverley VIC 3149
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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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
5
Bathroom
4
Parking
2
Land
725m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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