A Mount Waverley ‘unit’ sold for $1.9m after five bidders battled it out in a heated hour-long auction.
A single-level ‘unit’ in Mount Waverley has sold for $1.9m, soaring almost $350,000 above expectations after five bidders battled for the rare home in one of Melbourne’s most tightly held school zones.
Guided at $1.48m-$1.58m, the property at 1/4 Kunzea Crt drew a crowd of downsizers, young families and investors for the hour-long auction.
Buxton Mount Waverley’s Peter Serafino said the result showed how strong demand remained for quality single-level homes in blue-chip suburbs.
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“It’s single-level, in one of Mount Waverley’s best pockets and appeals to everyone,” Mr Serafino said.
“Once bidding hit $1.5m and it was declared on the market, it really took off.”
Two buyers were locked in a tense final duel before a Wheelers Hill downsizer claimed the keys.
A designer stone-bench kitchen with premium finishes was a major drawcard for buyers.
The Mount Waverley showdown ran for almost an hour, with five bidders fighting to the finish. Picture: Instagram/Peter Serafino
The modern home includes two living zones, a stone-bench kitchen and a private deck, while a custom accessibility ramp made it a standout among older buyers.
“The builder knew exactly what he was creating — that ramp was deliberate, designed to make the home future-ready,” Mr Serafino said.
Although officially classed as a unit, he said it “feels like a house”, with a footprint larger than many new builds nearby.
A low-maintenance courtyard and accessibility ramp gave the home strong appeal among downsizers.
Spacious bedrooms and a calm palette made the single-level design feel like a luxury home.
“It’s got that house-like scale and layout but without the upkeep,” he said.
Mr Serafino said Mount Waverley’s blue-chip status ensured it continued to perform through all market cycles.
“Any location with good schools, transport and shops will hold up,” he said.
“Mount Waverley buyers have strong purchasing power, they’re investing in lifestyle.”
Two living zones gave the property rare house-like proportions and flexibility.
Modern bathrooms combined practicality with elegant, future-ready design.
With the suburb’s median house price now nearing $1.7m, he believes it’s only a matter of time before it breaks the $2m mark.
“It’s not if, it’s when,” he said.
And for sellers still eyeing a spring sale, timing is everything.
“The sweet spot is late November to the first week of December,” Mr Serafino said.
“There’s still time to sell, but don’t leave it too close to Christmas.”
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