47 Galahad Cres, Glen Waverley VIC 3150

3 bed house | 651sqm block | Glen Waverley family pocket | auction campaign underway This house on a substantial 651sqm block in a tightly held Glen Waverley crescent offers a rare combination of immediate livability and long-term land-value leverage. The three-bedroom, two-bathroom configuration suits a family or renovator seeking a solid foothold in a premium school zone without paying a premium for a fully renovated product. The medium-to-large block size is the primary competitive edge, giving a buyer optionality for future redevelopment or extension in a suburb where land supply is constrained and demand from owner-occupiers remains structurally high. The primary risk is that the property may require updating, which carries a known cost but also limits the buyer pool and can deliver below-market entry. The auction process adds uncertainty, but a disciplined pre-auction strategy with a building and pest inspection completed early can convert this into an advantage. For a buyer willing to hold, the land component alone provides a strong capital growth trajectory, and the house can be rented or occupied while planning a longer-term redevelopment. Use the property as a land bank with an income stream.