2/1 Gatis Street, Glen Iris VIC 3146

2/1 Gatis Street, Glen Iris VIC 3146
English style townhouse | small development of two | private garden courtyard | walk to Ashburton village and station This property offers a rare combination of traditional character and practical single-level living on the ground floor, which is uncommon in this price bracket. The clinker brick construction and ornate detailing signal a build quality that outperforms most contemporary townhouses in the area. For a buyer seeking a lock-and-leave home with genuine architectural presence rather than a generic unit, this is a strong option. It suits downsizers who want a main bedroom and living on one level, or professionals who value the walkability to Ashburton Village and train access over a larger house on a busy road. The main risk is the 137mยฒ building area, which is tight for three bedrooms and two bathrooms when compared to newer townhouses in the same corridor. The upstairs bedrooms are likely compact, and the absence of a second living zone may limit appeal for families. However the private courtyard and double garage with internal access add genuine utility that offsets the floor plan constraints. The buyer should treat this as a long-term hold in a tightly held pocket of Glen Iris, where supply of character stock under $1.5m is limited and the rental yield at $915 per week is solid for the area

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Glen Iris is a well-established, high-ownership suburb in Melbourne’s inner east, prized for its family-friendly environment, spacious homes, and excellent schools. Demand is consistently driven by established families and professionals seeking quality lifestyle and connectivity. The housing market demonstrates solid, albeit varied, growth, while the unit sector presents a more nuanced picture with stronger rental yields. Future prospects are underpinned by enduring appeal and transport links, though high price points and sensitivity to broader economic conditions remain key considerations.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

233mยฒ

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