35 Paxton Street
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About this property
On a substantial parcel of land in the highly regarded Central Park precinct, these 5 solid-brick apartments (to be sold as one) offer a wealth of possibilities for investors, renovators, or developers. Currently generating a steady rental return, the property presents multiple pathways: retain as a secure investment or superannuation asset, refresh and renovate to modern standards, strata-title and sell individually, or explore the potential for an all-new development of luxury residences (STCA). Surrounded by lifestyle advantages, the location is second to nonejust moments from Hedgeley Dene Gardens, Burke and Wattletree Road trams, vibrant cafes, boutiques, and excellent schools. Darling train station, Sacré Cur, Korowa Anglican Girls' School, Caulfield Grammar, and both Lloyd Street and St Mary's Primary Schools are all within easy reach. Each of the two ground-floor and three upper-level apartments features: Two spacious double bedrooms A large kitchen/meals area A generous living room A tidy bathroom/laundry with separate WC A covered car space This is a rare chance to secure 5 well-presented, classic apartments with enormous scope for capital growth and a wide range of future possibilities in a tightly held blue-chip setting.
Property Details
- Property Type
- house
- Listing Type
- Sold
- Bedrooms
- 10
- Bathrooms
- 5
- Parking
- 5
- Land Area
- 781 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Malvern East
This 10-bedroom house in Malvern East, VIC 3145 sits within reach of public transport, local shops and nearby schools. It is listed 171% above the $1.14m median of 63 comparable houseswithin 5 km.
Schools near Malvern East
- The Currajong Schoolcombined · Prep-6 · Boys
- Lloyd Street Primary Schoolprimary · Prep-6 · CoEd
- Malvern Primary Schoolprimary · Prep-6 · CoEd
- Malvern Valley Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Stop 68: Koornang Road (tram) — 2.6 km away
- Burberry — 2.9 km away
- Unnamed — 2.0 km away
- Urban Forest — 2.1 km away
- Unnamed — 2.3 km away
Malvern East at a glance
Full suburb profile- Population
- 22,296
- Median age
- 38
- Household income
- $2,383/wk
- Median rent
- $421/wk
- Median mortgage
- $2,944/mo
Source: ABS Census.
Due diligence
Property Report
Future Development
Malvern East is experiencing modest infill residential development and consolidation typical of inner-eastern Melbourne, with gentle density uplift around transport corridors. Nearby station precincts (Glen Waverley, Malvern) and the Monash University precinct are catalysts for incremental mixed-use and residential activity. Council planning encourages small-lot infill, townhouse subdivisions and medium-density apartments within walking distance of train stations, reflecting broader metropolitan consolidation policy.
Nearby projects
5
Closest
0.5 km
Malvern East Residential Infill - Multi-lot Development
Distance from this property is exact (rings = km). Direction is illustrative.
Malvern East Residential Infill - Multi-lot Development
0.5 kmSmall-scale residential infill with 4-6 townhouses on former single-dwelling allotments, typical of inner-eastern Melbourne consolidation.
2025
Recent Residential DA - Apartment Building (6-8 storeys)
0.8 kmMedium-density apartment development within walking distance of Malvern East station, reflecting gradual uplift in residential density.
2024-2025
Malvern East Local Shopping Strip Activation
1.2 kmCouncil-supported local centre revitalisation with façade improvements, mixed-use development approvals and enhanced streetscape along Malvern Road.
Glen Waverley Station Precinct Renewal
2.5 kmNearby major station precinct development including medium-density residential, retail and improved pedestrian connections as part of metropolitan transport integration.
Monash University Precinct Employment Growth
3.5 kmOngoing expansion of research, education and commercial facilities nearby, driving employment and supporting residential demand in surrounding areas.
Suburb market
Suburb price trend
Malvern East price trend
Median sold · House 4 bed
Compound growth -1.3% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Malvern East marketThis listing
Price history
Price history
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