41 Kennedy Street, Glen Waverley VIC 3150
41 Kennedy Street, Glen Waverley VIC 3150
5-bed family house | Glen Waverley school zone | Premium suburban positioning | Strong family demand | High-entry price point
This property presents a rare configuration for the area—five bedrooms and five bathrooms in a detached house—which immediately signals a premium family offering. It sits well above typical suburban stock in Glen Waverley, appealing primarily to established families and upsizers seeking generous space without moving to a smaller lot or compromising on school proximity. The location near Glen Waverley Primary School and secondary schooling strengthens its desirability, as school zoning remains a consistent driver for family buyers in this corridor. The house likely commands attention from those prioritizing space, privacy, and long-term convenience over entry-level affordability, making it best suited to buyers with flexibility in budget and a focus on lifestyle.
The price point may reflect both the configuration edge and the strength of the suburb’s demand, though the actual land size and internal finishes remain unverified. If the property sits on a larger parcel, redevelopment potential might add value beyond the current house; conversely, a constrained site could limit future flexibility. The absence of confirmed overlay issues suggests fewer regulatory hurdles, but buyers should weigh how the house compares to similar high-end offerings in the immediate area. Condition and presentation will likely influence final value more than location alone, given the premium segment already assumes strong demand. A cautious approach to price formation is advisable until physical inspection clarifies these factors.
Detailed Independent Property Report prepared by PropCred Analyst team for 41 Kennedy Street, Glen Waverley VIC 3150
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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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: 31 Kennedy Street sold around $4.4M; 24 Kennedy Street sold near $1.05M | Property Price Band: $4.0M–$4.4M | Value Drivers: configuration edge, school zone, land size, condition
Bedrooms
3
Bathroom
1
Parking
-
Land
727m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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