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1-5/78 Chapman Avenue, Glenroy, Vic 3046

1-5/78 Chapman Avenue, Glenroy, Vic 3046-Floorplan

1-5/78 Chapman Avenue, Glenroy, Vic 3046

$2,600,000 - $2,860,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

1,154 m²

Area

Last updated on Monday, July 06, 2026 ( See property details for 1-5/78 Chapman Avenue, Glenroy, Vic 3046)

$2,600,000 - $2,860,000

View the agent price guide.

Sebastian Rello - Real Estate Agent - Ray White - Glenroy

Sebastian Rello Salesperson & Licensed Estate Agent

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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 rare opportunity to acquire five well-maintained, income-generating units on a substantial corner block in the highly sought-after suburb of Glenroy, with future development potential (STCA).

🏡 Property Highlights

Five separate units on individual titles offering outstanding investment potential
Substantial corner parcel of land measuring 1,154 sqm with excellent site layout
Strong rental income of approximately $120,000 per annum with potential for 10% increase
Well-designed residences with modern layouts and comfortable living zones
Prime location in thriving Glenroy, close to shops, schools, parks, and public transport
Scope for future development or redevelopment (STCA)

✨ Key Features

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

Suburb and Property Insights of Glenroy, VIC 3046

Glenroy is a vibrant suburb renowned for its strong community feel, excellent transport links, and proximity to shopping centres, parks, and schools. It offers a diverse range of amenities, making it highly desirable for both tenants and investors. The area is experiencing rapid growth, with ongoing development and infrastructure improvements enhancing long-term value. Its convenient location ensures consistent demand, making it an ideal choice for long-term investment or future redevelopment opportunities.

Frequently Asked Questions

What is the current condition of the units and are there any recent renovations?

The units have been well-maintained and are fully self-managed by the current owners, with no recent renovations specified but generally in good condition.

Are there any restrictions or covenants on the property regarding future development?

Future development or redevelopment is subject to STCA (Subject To Council Approval), and potential buyers should verify with local planning authorities.

What are the current lease terms and rental conditions for the units?

All units are currently leased, generating approximately $120,000 annually, with scope for rental increase of over 10%.

Is there off-street parking available for each unit?

Yes, the site includes off-street parking and practical design features across the property.

What amenities and services are nearby?

The property is close to local shops, schools, parklands, and public transport, ensuring convenience and accessibility.

What to ask about this property to agent?

Are there any zoning restrictions or easements affecting the property that could impact future development plans? Have there been any recent or upcoming planning or construction activities nearby that could affect the property's value or livability? Are there any hidden costs associated with maintaining or managing the multiple units? Is there any history of structural issues or defects within the units? What are the specific terms of the current leases, and are there any upcoming lease expirations or rent reviews? Are there any strata or body corporate fees applicable to the units? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any restrictions or covenants on the property that could limit future use or redevelopment? What are the local council's plans for infrastructure or development that could influence property value? Are there any ongoing or planned community or neighborhood developments that could impact the area?

1-5/78 Chapman Avenue, Glenroy, Vic 3046 - More Details

$2,600,000 - $2,860,000

Type: Block Of Units
Bedrooms: 12
Bathrooms: 6
Parkings: 8
Area: 1,154 m²

Price guide

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1-5/78 Chapman Avenue, Glenroy, Vic 3046 - Point Of Interest

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