4 Clarke Place, Mount Waverley VIC 3149

5 beds on compact lot | quiet Mount Waverley pocket | near top-tier government schools | no overlays simplifies purchase This property presents a compelling proposition for a family seeking space in a premium school corridor without the premium land cost. Its five-bedroom configuration on a 447m² block is operationally efficient, delivering substantial internal space where the land component is constrained, a rational trade-off in this suburb where larger blocks command significant premiums. Being free of bushfire, flood, or heritage overlays removes a layer of due diligence complexity and potential holding cost, a clear advantage. It is best suited for an owner-occupier who prioritises living area over garden size and will benefit directly from the proximity to Syndal South Primary and Mount Waverley Secondary College, which sustains fundamental demand. The primary risk is the compressed land size against suburb benchmarks, which historically moderates capital growth relative to larger lots and may affect future resale to buyers seeking development potential. The building coverage of 42% on a compact block limits expansion options, effectively locking in the current footprint. However, the recent sales contraction in the suburb has created a entry window, and the rental yield estimate slightly above the suburb median offers a defensive income position if required. Given its configuration and location, this property should be acquired with a long-term hold perspective to amortise the entry cost, as its value is anchored more in its utility as a family home than in its land bank. Recent comparable sales in Mount Waverley provide context: – 111 Lawrence Road: 5 bed, 3 bath, 2 car on 625m² sold for $1,836,600 in September 2025. – 12 Jeffrey Street: 4 bed, 3 bath, 2 car sold for $1,962,000 in August 2025. – A nearby 3 bed, 2 bath on 283m² sold for $1,750,000 in January 2026. This property’s indicative price sits logically below the larger-block five-bedroom sale, while its higher bedroom count justifies a premium over the recent three-bedroom sale, suggesting its pricing is positioned within a credible market band.