188 Glenlyon Road, Brunswick East VIC 3057
188 Glenlyon Road, Brunswick East VIC 3057
3-bed house on 176 m² | Brunswick South & Princes Hill catchments | compact inner-north footprint | solid rental demand | walkable Glenlyon Road position
This property is positioned as a compact three-bedroom house with genuine appeal for those who want inner-city convenience without a large land commitment. Its 176 m² parcel is considered tight by family standards, but the configuration is well suited to owners or investors seeking a low-maintenance footprint in a well-connected corridor. The property is located in a suburb defined by mixed housing stock and strong walkability, with school catchment access to Brunswick South Primary and Princes Hill Secondary adding family-oriented demand. Rental demand in this segment is viewed as workable, supported by proximity to transport and retail. The best-fit buyer is likely a professional couple, a small family, or an investor wanting a grounded entry into Brunswick East.
Value may be shaped most directly by actual condition and presentation, since renovation level and finishes are not confirmed. The compact land size might limit upside for those seeking outdoor space, and the possible absence of dedicated parking could narrow appeal. Street noise and urban density may also influence perceived value, so these factors should be weighed when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 188 Glenlyon Road, Brunswick East VIC 3057
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Brunswick East is an inner-urban, unit-dominated market. Demand is led by high-income professionals, and units clear faster than houses (30 vs 38 days) amid robust turnover—42 houses and 94 units sold in the last quarter. Median house price is $1.435M over 12 months, with annual growth of 1.2–6.3% across sources; unit prices sit near $530k, flat year-on-year. Rental yields for houses run 28.6% above the Melbourne average; unit yields trail by 4.5%. The $1 billion East Brunswick Village redevelopment, adding apartments and retail, is the key future growth driver. Affordability is the main constraint, given high house prices and a supply pipeline weighted to higher-density stock.
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PropCred Estimated Value
Comparable Sales: 22 O’Connor St sold Oct 2022 in the $1.17M–$1.24M range; 4/180 Glenlyon Rd townhouse ≈$1.07M | Property Price Band: $800K–$900K | Value Drivers: land size, location, condition
Bedrooms
3
Bathroom
1
Parking
-
Land
176m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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