15 Grandview Avenue, Glen Iris VIC 3146

Tree-lined prestige pocket | 755sqm rectangular land | Hartwell Primary zone | redevelopment optionality This property offers a rare combination of immediate liveability and significant future optionality. The 755sqm rectangular lot in a quiet, tree-lined street is the primary competitive advantage,it sits in a tightly held pocket where such dimensions are increasingly scarce. The existing home is comfortable and well-presented with a contemporary kitchen and deep rear garden, meaning a buyer can move in without compromise while holding for medium-term redevelopment. For a family prioritising Hartwell Primary and proximity to Burwood Station, this is a functional home in a premium corridor. For a developer or investor, the land-to-improvement ratio and absence of overlays create a clean canvas for a luxury new build or subdivision, subject to council approval. The principal risk is price,the listed range sits above recent automated valuations, and the 2009 purchase history suggests the vendor may have a high cost base. This could mean a longer negotiation or a property that sits on market. However, the rental estimate of $820 per week provides a credible holding cost buffer if the buyer chooses to defer development. The absence of heritage, flood, or bushfire overlays removes typical redevelopment friction, and the 85% owner-occupier street profile signals stable long-term demand. Buyers should anchor their bid to land value per square metre and treat the house as a bonus, not a premium. Hold for capital growth or develop when zoning permits,either path is viable here.