387 Stephensons Road, Mount Waverley

Positioned in a leafy locale within the sought-after Mount Waverley SC zone, this vast 696m2 (approx.) corner allotment is a crystal-ball look into a promising future. Accessed via Charlton Street, this appealing block is primed to fulfil its destiny as a first-class development, whether that takes the form of luxury townhouses or a prestigious lifestyle property (STCA).

However, currently occupying the land is a three-bedroom, two-bathroom home and at the rear a one-bedroom, 1 bathroom granny flat.

In each home, a spacious living domain hosts relaxation and dining, complemented by a neat kitchen with room for casual meals, and a private garden. With a proven track record as a solid earner, you could line your pockets with income while awaiting plans and permits approval or watching your equity grow.

Enhancing the appeal is the prized location, which is within easy walking distance of Hamilton Place shops, Mt Waverley station, Mt Waverley PS and directly opposite Charlton St Reserve Playground and minutes from elite private schools, Chadstone Shops and M1.

We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.