6/108 Glen Iris Road, Glen Iris VIC 3146

Quiet rear parkland position | Boutique 2013 build | 2-car parking edge | Boroondara catchment This unit offers a rare configuration advantage for a ground-floor apartment: dual parking and a rear parkland aspect within a well-considered 2013 complex. The positioning removes typical street noise and overlook risk, while the secure boutique setting suits owner-occupiers or downsizers seeking low-maintenance living in a strong school catchment. The 2-car allocation is uncommon for this price tier and adds functional value in a tight market where parking is often a deal-breaker for serious buyers. The flood overlay on the broader site is the principal risk, not because flooding is likely at the rear, but because it may limit future strata borrowing or insurance appetite. The building’s high renter ratio (55%) relative to the suburb (30%) suggests weaker owner-occupier demand, which can suppress capital growth. The opportunity lies in negotiating below the Domain estimate given the recent building sales at $480k and $675k, which anchor value well under the guide. Hold this property as a long-term owner-occupied base or a secure rental with stable yield, but do not expect above-market appreciation.