785 High Street Road, Glen Waverley VIC 3150

785 High Street Road, Glen Waverley VIC 3150
1970 house on 651m² block | arterial road trade-off | family rental demand | redevelopment potential | no finishes details This 1970-built house on a 651m² block is positioned in a high-demand suburb where larger detached holdings are becoming scarce. The four-bedroom configuration and dual living spaces serve families and upsizers well. The landholding provides options for renovation or redevelopment, subject to planning controls. Ongoing rental demand is evidenced by a listing from May 2026, indicating strong market interest. The property is best suited to buyers seeking a substantial site in an established corridor with convenient access. Value may be influenced by the arterial road location, which could reduce desirability relative to quieter streets. Nearby approved higher-density development might affect traffic and neighbourhood character. The absence of verified sales data means price formation depends on broader market conditions. The 1970 build may require capital for updates.
Detailed Independent Property Report prepared  by PropCred Analyst team for 785 High Street Road, Glen Waverley VIC 3150
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

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.
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PropCred Estimated Value

Bedrooms

5

Bathroom

2

Parking

2

Land

1297m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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