A Malvern bungalow in Melbourne sells for $2.66 million, according to multiple reports. The buyer purchases the property despite it being a well-maintained three-bedroom house, and plans to demolish it to build a new “dream home” on the same site. The property is described as being on a sought-after street in Malvern, a location that attracts high-value development activity. While the current dwelling is presented as intact and maintained, the buyer’s stated intention is to replace it with a new build rather than retain and refurbish the existing structure. The reports are consistent that the sale price is $2.66 million and that the purchaser’s primary plan is redevelopment through demolition and reconstruction. No other confirmed details about design approvals, timelines, or heritage or planning constraints are provided in the cited summaries.