Stonebridge Property Group is pleased to present for sale 1 Peace Street, Glen Iris, a premium 1,145 sqm* landholding with permit approval for 6 luxury townhouses, positioned to capitalise on strong demand from an affluent and captive local buyer market.
Key highlights of the opportunity include:
- Premium 1,145 sqm* north facing Glen Iris landholding
- Permit approved for 6 double-storey townhouses, comprising 1 x 4-bedroom and 5 x 3-bedroom houses and 1,393 sqm* NSA
- Existing improvements include a single two-storey dwelling comprising three bedrooms, two bathrooms, a garage/shed and a large rear yard, featuring no Heritage Overlay
- Glen Iris is one of Melbourne’s strongest performing residential markets, with its median house price surging 9.4% in the latest quarter to October 2026 and outperforming Metro Melbourne by 12.5% (REIV 2026).
- Surrounding townhouse sales evidence demonstrates established demand for premium residential product, supported by a Glen Iris median house price of approximately $2.20 million (REIV 2026).
- The average household size of 2.5 persons supports the predominantly three-bedroom product mix, while townhouses already represent 18.0% of local dwellings versus 13.9% across Victoria (ABS 2021), demonstrating an established and well-accepted townhouse market.
- Quiet and tree-lined street with a no through road, just 200 m* from the Gardiners Creek Trail, 200 m* from TH King Oval, 700 m* from Darling Park and 1.3 km* from Malvern Central Park.
- Exceptional surrounding retail amenity, 800 m* from Glen Iris retail centre, 800 m* from Darling Road retail strip, 1 km* from Ashburton’s High Street Village retail strip and 2.8 km* from Chadstone Shopping Centre.
- Excellent connectivity, 700 m* from Glen Iris Train Station and immediate access to the Monash Freeway on ramp.
- Located nearby Melbourne’s leading schools including Glen Iris Primary School (350 m*), Korowa Girls School (1 km*), 1 km* to Sacre Coeur and 1.6 km* to Ashburton Primary School.
- Glen Iris benefits from an affluent family demographic, with household incomes 38% above the Victorian average (ABS 2021) and 51.7% of families comprising couples with children, compared with 45.5% across Victoria.
1 Peace Street, Glen Iris is offered for sale via Expressions of Interest closing Thursday, 8th October. To obtain further information, please contact the exclusive selling agents, Stonebridge Property Group.
Andrew Milligan
[email protected]+61 421 559 992
Lucas Duffy
[email protected]+61 417 596 560
Chao Zhang
[email protected]+61 411 625 068
Stonebridge Property Group Development Sites Team is Melbourne’s largest dedicated development site sales team, with more than $5.5 billion in transactions across residential development sites, mixed-use development sites and commercial development opportunities throughout Melbourne and Victoria.
Campaign ID: a0TOd00000qbknfMAA
Property Code: 1821
