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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

Heritage & Conservation

Complete
Heritage listedConservation area

Malvern East is a well-established inner-eastern Melbourne suburb with a Character Residential Overlay (CRO) and local heritage significance. The area contains early-to-mid 20th century residential architecture, including Victorian and Federation-era homes, with several local heritage-listed buildings and community facilities. Development is moderately constrained by heritage protections focused on maintaining the suburb's cohesive character and streetscape qualities.

Restrictions

  • External walls and roofing require council approval for alteration or replacement
  • Front fences and gates subject to heritage character guidelines
  • Subdivision and demolition restricted or requires heritage assessment
  • Interior modifications to significant architectural elements may require consent

Nearby heritage items

Malvern East shopping centre area (mixed commercial heritage)Local
300 m
Malvern East Primary SchoolLocal
500 m
Holy Rosary Church, Malvern EastLocal
800 m
Cato Park and surrounding residential precinctLocal
1.2 km
500m1km1.5km2kmMalvern East shopping centre area (mixed commercial heritage) — 0.3 kmMalvern East Primary School — 0.5 kmHoly Rosary Church, Malvern East — 0.8 kmCato Park and surrounding residential precinct — 1.2 km

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

Source: StMate AI — VIC heritage registers07/06/2026
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

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Price history

Price history

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Within 5km

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