4 Spring Rise, Glen Waverley VIC 3150
4 Spring Rise, Glen Waverley VIC 3150
Large five-bedroom family house | three-bathroom layout suits multi-generational living | double parking for daily practicality | Glen Waverley’s school-driven demand | limited listing history suggests long-term ownership
This property holds a clear competitive edge in Glen Waverley’s family market. Five bedrooms and three bathrooms place it above the typical four-bedroom family house, making it particularly suited to growing households or those needing dedicated study, guest, or extended-family space. The double parking adds everyday convenience that many older houses lack. Its long ownership since 1997 implies a well-established home that has likely been maintained consistently, reducing the risk of deferred major repairs. For buyers prioritising school catchment access and a stable, mature suburb with strong resale demand, this house offers a rare configuration in a location where larger family homes are consistently sought after.
The property’s value may be shaped by its land size and exact position within the street, which are not fully detailed but likely influence its appeal relative to neighbouring houses. Its age could mean older kitchen, bathroom, or electrical systems, so a buyer might budget for modernisation to match current premium standards. The house’s orientation and backyard aspect may affect natural light and outdoor usability, potentially impacting its perceived liveability. Market conditions in Glen Waverley remain active, but the final price may depend on how well the interior presents against newer or renovated competitors. Buyers should weigh the cost of any updates against the benefit of securing a larger-than-usual floor plan.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Spring Rise, Glen Waverley VIC 3150
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Glen Waverley holds a family-oriented position in Melbourne’s eastern suburbs, with owner-occupiers and families as the clear buyer base. House values are elevated at roughly $1.73–1.8m, with annual growth of 3.9–6.5% across sources, while units sit at $895k–990k and show flat to negative growth in most reports. Houses sell in 29–53 days, confirming steady but not overheated turnover. Demand is driven by strong school catchments, transport access, and community amenities, attracting established households seeking larger dwellings. Future growth relies on sustained school-driven interest and connectivity, but affordability constraints from $1.7m+ entry prices and auction sensitivity to rate conditions temper upside. House rental yields are thin at 2.24%, and unit yields only modestly better at 3.82%, reinforcing an owner-occupier-led market over investment demand.
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PropCred Estimated Value
Comparable Sales: similar five-bedroom houses in Glen Waverley have recently sold between $1.6M and $1.8M | Property Price Band: $1.6M–$1.7M | Value Drivers: bedroom count, land size, and overall condition are the primary influences on this house’s market position
Bedrooms
5
Bathroom
3
Parking
2
Land
471m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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