254 Highbury Road

*** INSPECTIONS BY APPOINTMENTS ONLY*** Please enquire online or call our office (open 7 days) on (03) 9808 0481 for a PRIVATE VIEWING of this stunning home. Step inside this versatile and high-performing property at 254 Highbury Road, Mount Waverley, where strong rental returns meet long-term investment potential in one of the area's most tightly held pockets. Positioned on a substantial 766sqm (approx.) allotment within the sought-after Mount Waverley Secondary College zone, this well-maintained double-storey brick residence is perfectly suited for astute investors seeking immediate income, future upside, and potential for commercial conversion (STCA). Currently operating as a council-approved rooming house, the property delivers consistent returns while offering flexibility for future reconfiguration, making it a rare and strategic addition to any investment portfolio. Features include: * Proven high-income producing asset currently configured as a council-approved rooming house generating approximately $140,000 per annum, offering strong and consistent rental yield. * Expansive double-storey brick construction set on 766sqm (approx.), providing a solid foundation for long-term capital growth and future adaptability. * Flexible layout comprising eight bedrooms, three bathrooms, and multiple living zones, ideal for maximising rental returns or accommodating diverse tenancy arrangements. * Well-equipped central kitchen and dining area featuring gas cooking, ample bench space and storage, designed to service multiple occupants efficiently. * Multiple internal living areas including formal lounge and separate living zones, enhancing tenant comfort and overall functionality of the home. * Heating and cooling provisions including three air-conditioning units and ducted heating, ensuring year-round comfort for occupants. * Generous on-site parking with capacity for up to six vehicles, a rare and valuable feature for high-occupancy or potential commercial use. * Outdoor amenities including a swimming pool, front garden and low-maintenance rear yard, adding further appeal for tenants and increasing rental desirability. * Potential for future commercial conversion such as medical clinic, consulting suites or allied health use (subject to council approval), enhancing long-term investment flexibility. * Strong landholding with scope for future redevelopment, reconfiguration or continued high-yield leasing strategy (STCA). Perfectly positioned along Highbury Road, this property benefits from exceptional connectivity and proximity to key lifestyle and institutional amenities including Deakin University, Mount Waverley Secondary College, Essex Heights Primary School, local shopping precincts, public transport options including bus routes, parklands and golf courses. With consistent tenant demand driven by nearby education hubs and infrastructure, this location underpins both immediate rental performance and long-term capital growth, making it an outstanding opportunity for investors seeking scale, return and future potential. Don't miss this incredible opportunityenquire today! Contact Josh Hanvey and Scott Kim today on (03) 9808 0481 for more information and secure this home today! ** Sale Method: Private Negotiation ** Settlement: 30/60 Days Preferred ** Inspection: By Appointment Only