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35 Paxton Street, Malvern East$3.09m
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Soldhouse

35 Paxton Street

Malvern East, VIC 3145, Australia
$3.09m
10 bed 5 bath 5 car781 m²

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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

Repayment calculator

$14,980/month
$7,490 /fortnight
Loan $2,472,000 at 6.10% over 30 years

Upfront costs

Deposit$618,000
Stamp duty$180,850
Conveyancing (est.)$2,000
Total upfront$800,850
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 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
  • Burberry2.9 km away
  • Unnamed2.0 km away
  • Urban Forest2.1 km away
  • Unnamed2.3 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

Flood Risk

Complete
Low flood risk

None

Low

Medium

High

Flood zone

Land Subject to Inundation Overlay (LSIO) – Gardiners Creek catchment

Malvern East is located in the Gardiners Creek catchment and has patches of Land Subject to Inundation Overlay (LSIO) affecting properties near the creek and low-lying areas. While the suburb is predominantly elevated, localized flooding from creek overflow and urban stormwater is possible during high rainfall events. Overall flood risk is low to moderate, with greatest exposure in properties immediately adjacent to Gardiners Creek.

Planning controls

  • Compliance with VIC Flood Overlay controls for new development in LSIO areas
  • Floor level requirements typically 500 mm above Probable Maximum Flood (PMF) level where LSIO applies
  • Stormwater management and detention basin provisions for increased impervious surfaces
  • Consultation with Melbourne Water for any works affecting creek corridors or drainage
Source: StMate AI — VIC flood overlays07/06/2026
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

Malvern East price trend

Median sold · House 4 bed

Compound growth -1.3% / yr over 4 yrs

$2.40mcurrent median

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

Full Malvern East market

This listing

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Price history

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