97 Springvale Road, Glen Waverley VIC 3150

Multi-generational bonus unit | 691m² elevated block | Zoned for Highvale schools | On market 50 days This property presents a distinct configuration for a buyer seeking flexible accommodation or rental income within a single title, combining a six-bedroom family home with a self-contained upper-level unit. Its position on a substantial, elevated parcel with no planning overlays removes development uncertainty and capitalises on the rare dual-school zoning for Highvale Primary and Secondary College, which anchors demand in this established suburb. The house serves extended families or investors targeting the educational catchment, where the scarcity of multi-generational stock typically commands a resilience premium. Proceed with the understanding that the 50-day listing period and conflicting historical bedroom data signal a pricing or presentation misalignment in the current campaign, requiring verification of the floorplan and a bid strategy anchored in recent, non-disclosed sales. The absence of comparable sales data in the brief necessitates an immediate manual sales analysis of Glen Waverley to pressure-test the indicative price range, particularly for homes with secondary dwellings. The commercial logic lies in securing the bonus unit’s income stream or family utility below the median price for a dual-occupancy site, making this a hold proposition for a ten-year horizon to absorb the premium paid for its unique layout.