Report: Renovation Drives $1.21M Sale in Mount Waverley School Zone

Property Background & Renovation Overview

Located at 7 Dean Ave, Mount Waverley, the home was purchased in 2008 by Thushan and Karina Jayawardena.

Originally outdated—with carpet, old tiles, laminate floors, and “creamy” paint—the house underwent a gradual, owner-led renovation over more than a decade.

Renovation highlights include:

European oak flooring

Modernized kitchen and bathroom

Updated lighting

Bifold doors opening to a north-facing deck

Self-done landscaping, featuring a flat lawn that wraps around the house—ideal for family living and outdoor enjoyment.

  1. Location & Market Appeal

Situated within the Mount Waverley Secondary College catchment zone, the property offers access to top-tier schooling.

It’s also close to Syndal Station, Valley Reserve, and village amenities—making it highly desirable for families.

The home’s curb appeal, layout, and finish appealed broadly—to downsizers, first-home buyers, and investors—especially because it was move-in ready with no further work needed.

  1. Sale Outcome

The family secured a sale price of $1.21 million at auction—a remarkable result thanks to both the renovation quality and school zone location.

The couple plans to remain locally, intending to build a new home just a few blocks away.


Summary Table

Aspect Details

Property Address 7 Dean Ave, Mount Waverley
Ownership & Renovation Owned since 2008; multi-year, owner-led transformation
Key Upgrades Oak floors, upgraded kitchen & bath, lighting, landscaping, bifold doors
Location Advantage Within elite school zone; close to station, parks, and local amenities
Buyer Appeal Move-in ready; attractive to families, investors, downsizers
Sale Price $1.21 million at auction
Future Plans Owners to build new home nearby


Insights & Market Trends

Well-executed renovations combined with prime school zoning can significantly elevate property value.

Homes that are fully updated and ready to live in are highly sought after by buyers avoiding renovation hassle.

This case reflects the growing premium placed on both lifestyle presentation and educational catchments.

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