1A Salisbury Street Glenroy VIC 3046

3-bed townhouse | 182m² total | near Glenroy Central Primary | 2 parking spaces | recent 2021 sale This property offers a rare combination of a compact, low-maintenance footprint with three bedrooms and two parking spaces in a suburb where the median three-bedroom house sits at $787,500. The 182m² total size, including both building and land, positions it as a practical entry point for a family or investor seeking a turnkey townhouse with good school proximity—Glenroy Central Primary within 0.6 km and Glenroy College at 0.9 km. The 65% owner-occupancy rate on Salisbury Street signals stable local demand, and the recent 2021 sale suggests the property has been held through a period of market adjustment, potentially offering a vendor motivated to transact near the guide. The primary risk lies in the lot size: at 182m², there is limited scope for value-add through extension or subdivision, and the property competes directly with newer townhouse stock in the area. The absence of bushfire, flood, or heritage overlays reduces regulatory friction, but the buyer should verify strata or body corporate obligations given the townhouse configuration. For a buyer, the opportunity is to secure a well-located, move-in-ready home with strong rental demand potential, particularly given the 35% renter profile on the street. Hold this property as a stable residential investment or a family home with good school access, and monitor the market for the next 12 months before considering resale.