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Overview
Lucky Number 8 - Approved Luxury Development Potential
Positioned in one of Mount Waverley's most tightly held and high-performing pockets, this exceptional property presents a unique opportunity where lifestyle, location, and future potential align perfectly. The property is set on an expansive approximately 845 square meter allotment and is being offered for the first time in 50 years.
The existing residence provides comfortable accommodation featuring four bedrooms, one bathroom, multiple living zones, and a single lock-up garage. This setup offers immediate liveability or the potential for rental income while future plans are developed.
For those interested in a premium development opportunity, significant progress has already been made. The property includes an approved planning permit for two architecturally designed side-by-side luxury town residences, both thoughtfully crafted to maximize the enviable parkland outlooks.
The approved designs include:
- Town Residence One: Approximately 34 squares of luxurious living space with four bedrooms, a study, expansive master suites on both levels, a double lock-up garage, and multiple living zones. The design benefits from multiple parkland views and abundant natural light, combined with a functional layout.
- Town Residence Two: Approximately 30 squares of sophisticated accommodation featuring four bedrooms, a study, multiple living zones, a large backyard, and master and guest rooms on each level.
- Contemporary architectural design emphasizing space, natural light, and premium family living.
- Highly desirable park views that enhance long-term owner appeal and resale potential.
Located within a high capital growth precinct, this blue-chip address is further enhanced by its inclusion in the coveted Mount Waverley Secondary College Zone, making it an outstanding proposition for families, investors, and developers alike.
Enjoy the convenience of being within walking distance to Mount Waverley Village's vibrant cafés, restaurants, and boutique shopping, as well as Jordanville and Mount Waverley stations. The property also benefits from proximity to some of Melbourne's finest educational and lifestyle amenities, including Huntingtower School, Avila College, Mount Waverley Primary School, Chadstone Shopping Centre, The Glen Shopping Centre, public transport, and parklands.
Whether you choose to renovate and enjoy the existing home, maintain the current investment, or immediately capitalize on the approved development opportunity, this property offers a future rich with possibility.
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While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Mount Waverley VIC 3149
Market Insights for Mount Waverley VIC 3149
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