24 Wallace Road, Wantirna South, Vic 3152

$970,000

House
Type
4
Bedrooms
2
Bathrooms
2
Parkings
724 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 24 Wallace Road, Wantirna South, Vic 3152)

$970,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile lakeside family home on a large block with development potential in Wantirna South, close to parks, schools, and Westfield Knox.

🏡 Property Highlights

  • Prime 724m² block with 30m frontage offering development potential
  • Peaceful lakeside location near Lakewood Reserve and multiple parks
  • Close to Knox Gardens Primary, St Andrews, and Waverley Christian College
  • Potential for multi-unit development with mountain outlooks (STCA)
  • Lease-ready home in great original condition with modern amenities
  • East-facing aspect providing abundant morning sunlight

✨ Key Features

  • Outdoor Area
  • Built-in Robes
  • Ensuite
  • Open-Plan Living
  • Waterfront / Views
  • Home Office / Study
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • Shed

Wantirna South is a highly sought-after suburb known for its family-friendly atmosphere, abundant parks, and excellent schools. Its proximity to Westfield Knox offers premier shopping and entertainment options. The area features a mix of established homes and development opportunities, making it ideal for families and investors alike. With easy access to Eastlink and public transport, residents enjoy a convenient lifestyle amidst natural beauty and vibrant community amenities.

What is the condition of the property and are there any renovation opportunities?
The home is in great original condition, offering a perfect canvas for renovation to suit your taste or to enhance its value.
Is the property suitable for development or multi-unit subdivision?
Yes, the 30m frontage and large 724m² block provide scope for potential multi-unit development, subject to council approval (STCA).
What amenities and facilities are nearby?
The property is close to parks, lakes, schools including Knox Gardens Primary and Waverley Christian College, Westfield Knox shopping centre, and sports facilities like tennis courts and athletic fields.
Does the property have any water or lake views?
While the property is near Lakewood Reserve, mountain outlooks may be possible from a second storey with development (STCA).
What is the potential for future capital growth in this area?
The suburb is currently fetching a median house price of $1.3 million, reflecting strong demand and growth potential.
Are there any zoning restrictions or easements affecting the development potential of the property? What are the council requirements and approvals needed for multi-unit development (STCA)? Are there any known issues with the property's foundation, drainage, or structural integrity? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or construction projects nearby that could impact the property’s value or living environment? What are the strata or body corporate considerations if developing multiple units? Are there any hidden costs associated with the property's current condition or future development plans? Has the property been affected by any environmental or heritage restrictions? What are the ongoing maintenance costs for the property and land? Are there any noise or disturbance issues from nearby facilities or traffic?

24 Wallace Road, Wantirna South, Vic 3152 - More Details

$970,000

This beautiful part of the Lakeside district is just steps to the Lakewood Reserve and its walking circuit, with 8 more parks on the block of this peaceful Parkside Estate.
The property's sweeping 30m frontage (approx.) creates scope for expansion - a potential multi-unit site with possible mountain outlooks from second storey elevation (STCA), catering to rising demand for new town homes close to Knox Gardens Primary, St Andrews, Waverley Christian Colleague, Westfield Knox and Eastlink.
Lease ready while you make plans, the home presents in great original condition with an Oak timber kitchen, 2-way bathroom, master with ensuite and a huge back covered verandah and flat yard.
An east facing aspect ensures lovely morning light into almost every room, with the home placed at the front of the 724sqms (approx.) wide block.
It's a chance to renovate to your own taste or take a more dramatic development path in the suburb now fetching a $1.3million median house price (Source: REIV), surrounded by schools including Good Start Early Learning, basketball courts, football grounds, athletic fields, pickleball and tennis from this well-serviced pocket close to the $300million upgrade of Westfield Knox.
A blissful life awaits on the bend of this popular promenade, just 30 metres from the hidden nature reserve and its waterbirds on the lake.
Type
House
Bedrooms
4
Bathrooms
2
Parkings
2
Area
724 m²

Price guide

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