329 Waverley Road
Malvern East

Enviably positioned on a remarkable north rear facing allotment of 1,156sqm approx. (zoned GRZ7), this exquisitely character filled c1915 solid brick Federation residence offers flexible living and multiple uses, including 90sqm approx. of land not on title, making a total land holding of 1,246sqm approx.

Options include:

Renovate the period home with existing in-ground pool

Rebuild and create your dream home residence with land to spare

Design a boutique development (STCA)

Medical rooms/childcare/early learning/student accommodation

Home office/business/in-law accommodation

Rent out now, land bank for later

This grand period home has been updated and extended to offer five bedrooms, a huge living area, a study and paved sunny outdoor entertaining with pool. Comfortably presented with heating and cooling, yet ready for some inspiration, this location of enduring market appeal ensures the home is destined to reward into the future.

Under towering ceilings with polished timber floors, and lead-light windows, the home rambles charmingly towards a more modern family room, kitchen and adjoining meals that opens to paved outdoor living. Both the living room and formal dining have open fireplaces, marble in the lounge, whilst the self contained and separate rear accommodation works as a fifth bedroom with kitchenette and en suite.

Right on the cusp of the village-like charms of the cafe scene, restaurant culture and strip shopping that adorns Waverley Road and Koornang Road, the home is highly convenient to city-bound trams, trains from East Malvern Station, the beautiful parklands of Central Park and Hedgeley Dene, as well as the endless and lush Gardiners Creek walking/bike trail. Importantly the home is zoned for the coveted Lloyd Street Primary School and highly convenient to an assortment of Melbourne's most respected private schools.