9 Ochre Place, Mount Waverley VIC 3149

Elevated parkland vistas | flexible 5th bedroom or retreat | smaller 310m² lot in estate | strong school catchments nearby This property’s primary strength is its elevated position within the Sienna Estate, offering parkland and lake views that are inherently scarce and cannot be replicated on neighbouring lots. The flexible floor plan, with a front lounge easily converted to a fifth bedroom or guest retreat, directly serves growing families seeking space within the highly regarded Mount Waverley North and Secondary College zones. It presents a competitively priced entry point into this established suburb, best suited to buyers prioritising school access and a low-maintenance, community-focused lifestyle over expansive land size. The central risk is the below-average 310m² land parcel, which constrains future extension potential and may limit capital growth relative to larger-block comparables in the area. Discrepancies in reported bathroom counts and the wide variance between the price guide and higher Domain estimate require thorough due diligence. Proceed only at a price reflecting the land size compromise, ideally utilising it as a long-term family home to realise full value from its school zoning and positional advantages. While specific comparable sales data from the Statement of Information is not detailed here, reviewing those three properties sold within 2km is essential. Your analysis must benchmark this home’s value against recent sales of similar-sized lots and configurations to validate the price guide, as the smaller land size is a key negotiating point.