9 Maylands Cres, Glen Waverley VIC 3150
9 Maylands Cres, Glen Waverley VIC 3150
A three-bedroom, two-bathroom, two-car single house on a 751-square-metre lot, last transacted in 1993 and now offered for the first time in over three decades. No internal finishes, building age, or aspect are confirmed, but the generous land size is a defining feature. This property sits within Glen Waverley, a suburb where houses of this lot size are becoming increasingly uncommon, giving it a positional edge for buyers seeking space and redevelopment potential.
The competitive strength of this property lies in its land area, which is larger than many contemporary offerings in the suburb and provides scope for future renovation, extension, or subdivision subject to council approval. Its long-held status suggests minimal turnover, which may appeal to buyers looking for a well-maintained original home or a blank canvas. The configuration suits families or investors who value a substantial lot in an established area, where demand for such space is consistently high. This property is best positioned for those prioritising land content over immediate move-in condition, as its value is tied to the site rather than the dwelling itself.
Factors that might materially affect the property’s value include the condition of the existing dwelling, which is unknown but likely original given the holding period, and the absence of confirmed internal finishes or amenities. The lack of detail on building age, aspect, and floor plan means a buyer should budget for potential structural or cosmetic updates. The property’s positioning within the suburb, while advantageous for land size, may be tempered by neighbourhood character or zoning constraints not specified. A prudent buyer would weigh the cost of necessary improvements against the land’s intrinsic worth, as the final price will hinge on how much the site’s potential is realised.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Maylands Cres, Glen Waverley VIC 3150
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
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
3
Bathroom
2
Parking
2
Land
751m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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