8 Melrose Court, Glen Waverley VIC 3150

5-bed luxury house | 5 ensuites | STSA school zones | 681m² court position | Modern build, no overlays This property presents a sharply defined premium offering within Glen Waverley, combining a rare 5-bedroom, 5-ensuite configuration with direct zoning for the sought-after Highvale Secondary College. The 681-square-metre court position and modern structure, absent of bushfire or flood overlays, create a low-risk, high-amenity family proposition. It serves buyers prioritising immediate move-in luxury and school access over yield, as the estimated rental return is nominal against the capital outlay. The primary decision hinges on paying a significant premium above the suburb median for specific, non-replicable attributes: the ensuite layout and school catchment. This cost is justified only for an end-user who will fully utilise these features long-term. For an investor, the sub-2% gross yield is commercially unsound. Acquire this property to occupy and hold, leveraging its positional strengths within a stable, high-demand precinct, not as a rental or short-term asset. Recent sales context shows 36 houses with 5 bedrooms have sold nearby, indicating active demand for this configuration. While specific sale prices for this address are not public, its last sale in December 2025 and prior transactions in 2024 and 2022 suggest a property that trades frequently, potentially reflecting its strong appeal and liquidity in the premium segment.