1-4/2 Glenarm Road, Glen Iris, Vic 3146-Image

For Sale

1-4/2 Glenarm Road, Glen Iris, Vic 3146

$3,200,000 - $3,400,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

910 m²

Area

Last updated on Friday, May 15, 2026 ( See property details for 1-4/2 Glenarm Road, Glen Iris, Vic 3146)

$3,200,000 - $3,400,000

View the agent price guide.

Tim Brown - Real Estate Agent - RT Edgar - Toorak

Tim Brown LICENSED ESTATE AGENT, AUCTIONEER

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Paul Castran - Real Estate Agent - RT Edgar - Toorak

Paul Castran LICENSED REAL ESTATE AGENT & AUCTIONEER

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AI Property Insight

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

A versatile block of four spacious two-bedroom units on a large 910sqm allotment with significant development potential in Glen Iris.

🏡 Property Highlights

Solid-brick block comprising four spacious two-bedroom residences
Potential for future development with approved scheme for two double-storey townhouses
Substantial 910sqm allotment with deep rear garden
Current rental income with three leased residences and one vacant
Excellent location in Glen Iris with front-facing views
Scheme includes double garaging for each townhouse and existing garages for current apartments

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area
Garage
Secure Parking
Waterfront / Views
Home Office / Study
Balcony
Extra Storage (Shed/Linen)
Pet-Friendly

Suburb and Property Insights of Glen Iris, VIC 3146

Glen Iris is a highly sought-after suburb known for its leafy streets, excellent schools, and convenient access to public transport. It offers a vibrant community atmosphere with parks, cafes, and shopping precincts nearby. The area is ideal for families and investors seeking a peaceful yet connected lifestyle. Its proximity to Melbourne CBD makes it a prime location for future growth and development.

Frequently Asked Questions

What is the current rental income generated by the property?

The three leased residences generate a combined rental income of approximately $6,170 per month, with one residence currently vacant.

What future development options are approved for the property?

Chandler Architects have prepared a scheme for the addition of two double-storey, three-bedroom townhouses, each with double garaging, on the 910sqm allotment.

Are there any existing lease agreements in place?

Yes, three of the four residences are leased with expiry dates in 2024 and 2026, while one residence is currently vacant.

What is the condition of the existing residences?

The residences are solid-brick, spacious, and well-maintained, each featuring two bedrooms, a central bathroom, and a well-proportioned kitchen with meals area.

Is there potential for further subdivision or development?

Yes, the approved scheme indicates significant potential for development, including the addition of two new townhouses on the large allotment.

What to ask about this property to agent?

Are there any planning or zoning restrictions that could affect the approved development scheme? What are the potential costs involved in constructing the proposed townhouses? Are there any easements, covenants, or restrictions on the property that could impact future development? Has a recent building and pest inspection been conducted, and are there any known defects? Are there any upcoming council or community plans that could influence the property's value or development potential? What are the strata or body corporate arrangements, if applicable? Is there any history of flooding or bushfire risk in the area? Are there any nearby construction projects or planning activities that could cause noise or disruption? What are the total holding costs, including council rates, water rates, and maintenance? Are there any additional costs associated with the existing leases or tenant agreements?

1-4/2 Glenarm Road, Glen Iris, Vic 3146 - More Details

$3,200,000 - $3,400,000

Type: Block Of Units
Bedrooms: 8
Bathrooms: 4
Parkings: 4
Area: 910 m²

Price guide

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1-4/2 Glenarm Road, Glen Iris, Vic 3146 - Point Of Interest

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Tim Brown

Paul Castran

1-4/2 Glenarm Road, Glen Iris, Vic 3146

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