609/39 Kingsway, Glen Waverley VIC 3150
609/39 Kingsway, Glen Waverley VIC 3150
1 bed unit in Glen Waverley | 71 m² with study nook | strong school zone | low-maintenance modern interior
The buying case rests on a compact, well-finished apartment with a study nook and car space, positioned within the Glen Waverley Primary and Secondary College catchments. The 71 m² floor plan, timber flooring, and stone benchtops suit a first-home buyer or downsizer seeking walkability to Kingsway amenities without ongoing maintenance demands. Rental demand is supported by the location and school access, though the property’s appeal is limited to those who prioritise convenience over internal space.
The main constraint is the unresolved price picture, as the guide of $399,000 sits above an estimated value range of $340,000 to $410,000, making fair value unclear. Owners corporation fees require verification, as they can materially affect affordability and rental yield. Confidence cannot be placed in the asking price without recent comparable sales in the immediate complex, leaving the question of whether the guide reflects market reality or seller expectation.
Detailed Independent Property Report prepared by PropCred Analyst team for 609/39 Kingsway, Glen Waverley VIC 3150
Glen Waverley VIC 3150
Glen Waverley is a premium, family-centric suburb anchored by its highly regarded school catchments, which are a primary driver of demand from owner-occupiers. This has supported consistent price growth for houses, though the market shows some sensitivity to broader economic conditions. Future demand is underpinned by these established educational amenities and strong community infrastructure, yet significant entry prices present a notable affordability constraint for new buyers.
PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
2163m²
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