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3/1 Grace Street, Glen Waverley$567,500
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3/1 Grace Street

Glen Waverley, VIC 3150, Australia
$550,000 – $585,000
2 bed 1 bath 1 car

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About this property

Residing within the popular Grace Gardens Retirement Village, this welcoming two-bedroom unit offers the freedom to live life your way, benefiting from proximity to Glen Waverley's vibrant heart. Nestled on the fringes of beautiful Bogong Reserve, with its picturesque walking trails and natural wetlands, the gated complex provides comfort and security for over 70s with well-maintained surrounds and communal facilities. Behind the traditional brick facade and low-maintenance frontage, the property's light-filled interiors beckon with soothing tones and elevated ceilings, revealing a spacious living/dining zone that flows to a peaceful north-facing courtyard. The well-appointed kitchen features elegant shaker-profile cabinets and plenty of room for meal prep, incorporating an integrated Asko oven, quality Smeg cooktop and Westinghouse dishwasher to accommodate home-cooked creations. Completing the picture with grace and ease, the two carpeted bedrooms are generously sized and fitted with built-in wardrobes, sharing the central bathroom which includes an oversized shower, hand rails and a large vanity. Notable finishing touches include split-system air conditioning and wall-mounted heaters to optimise comfort levels, ceiling fans to circulate air flow, a discrete European laundry, a useful storage shed and allocated parking space. Ideal for convenience seekers, the property is located within walking distance of The Glen Shopping Centre and the Century City Walk dining and entertainment precinct, while Glen Waverley Station, Syndal Station and local buses can also be reached on foot. It's close to medical facilities, several golf courses and an off-leash dog park, plus there's access to major roads including the Monash Freeway. Downsize without compromise in this friendly retirement village, savouring the perfect balance of privacy and community. Secure your viewing today. Property highlights: Boutique pet-friendly complex with 24/7 emergency call service Well-maintained common room and landscaped surrounds Spacious living zone, two robed bedrooms, entertainers' courtyard Well-appointed kitchen, large bathroom and internal laundry Heating/cooling, screen doors, allocated parking, handyman service Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Listed
3 months ago

Repayment calculator

$2,751/month
$1,376 /fortnight
Loan $454,000 at 6.10% over 30 years

Upfront costs

Deposit$113,500
Stamp duty$29,120
Conveyancing (est.)$2,000
Total upfront$144,620
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Glen Waverley

This 2-bedroom house in Glen Waverley, VIC 3150 sits within reach of public transport, local shops and nearby schools. It is listed 51% below the $1.15m median of 76 comparable houseswithin 5 km.

Schools near Glen Waverley

  • Glenallen Schoolcombined · U · CoEd
  • Wesley College - Glen Waverley Campuscombined
  • Camelot Rise Primary Schoolprimary · Prep-6 · CoEd
  • Glendal Primary Schoolprimary · Prep-6 · CoEd
  • Glen Waverley Primary Schoolprimary · Prep-6 · CoEd
  • Glen Waverley South Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Syndal 2 (train)594 m away
  • Mr Muffler578 m away
  • Unnamed672 m away
  • Unnamed856 m away
  • Unnamed956 m away

Glen Waverley at a glance

Full suburb profile
Population
42,642
Median age
40
Household income
$1,918/wk
Median rent
$480/wk
Median mortgage
$2,500/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Glen Waverley is experiencing moderate-to-strong development activity centred on the railway station precinct and High Street commercial corridor. The suburb is benefiting from proximity to Monash University and renewed investment in transit-oriented development, with a mix of approved residential, mixed-use, and local infrastructure projects in the pipeline. Activity is consistent with Victorian Government priorities for station precinct activation and outer-metropolitan urban renewal.

Nearby projects

5

Closest

0.2 km

Glen Waverley Station Precinct Redevelopment

1.3km2.5km3.8km5kmGlen Waverley Station Precinct Redevelopment — 0.2 kmHigh Street Glen Waverley Streetscape and Active Transport — 0.5 kmMulti-unit Residential Development - Apt Buildings — 0.8 kmGlen Waverley Residential Subdivision DA — 1.2 kmMonash University Clayton Campus Expansion — 3.5 km

Distance from this property is exact (rings = km). Direction is illustrative.

Glen Waverley Station Precinct Redevelopment

0.2 km
Mixed-useApproved

Multi-level residential and commercial development above Glen Waverley railway station, part of Victorian Government's station precinct activation program.

2025-2026

200 m

High Street Glen Waverley Streetscape and Active Transport

0.5 km
InfrastructureProposed

Council-led streetscape improvement and cycling infrastructure project to enhance pedestrian and cyclist amenity along the commercial spine.

500 m

Multi-unit Residential Development - Apt Buildings

0.8 km
Apartment buildingUnder construction

3-5 storey apartment complex targeting empty-nester and young professional demographics near Glen Waverley Station.

800 m

Glen Waverley Residential Subdivision DA

1.2 km
Residential subdivisionApproved

Medium-density residential subdivision on former commercial/underutilised land within walking distance of the station.

1.2 km

Monash University Clayton Campus Expansion

3.5 km
InfrastructureUnder construction

Ongoing expansion and renewal of research facilities and student accommodation at adjacent Monash Clayton campus.

3.5 km
Source: StMate AI — VIC development trends06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Glen Waverley price trend

Median sold · House 2 bed

Compound growth +5.8% / yr over 4 yrs

$1.10mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Glen Waverley market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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