2/31 Yeovil Road, Glen Iris VIC 3146

Renovated two-bedder in tight block | Glen Iris unit under median | Auction-ready with strong owner occupancy | School zone advantage This unit at 2/31 Yeovil Road presents a rare configuration in a suburb where well-finished two-bedroom apartments are in short supply. The recent renovation removes the need for immediate capital outlay, and the 88m² internal footprint is generous for the category. With 85% owner-occupancy in the block and a 74% clearance rate locally, the buyer is positioned in a low-supply, high-demand segment. The property suits a professional couple or downsizer seeking a lock-and-leave with strong school catchment credentials. The main risk is the land component,116m² shared across six units limits future redevelopment optionality and may constrain capital growth relative to standalone houses. The price guide sits above the Glen Iris median, so the buyer must rely on condition and location rather than value-add potential. That said, the auction format and fresh listing suggest motivated selling, and a disciplined bid around the lower guide could secure a below-replacement-cost entry. Hold as a stable inner-ring residence with reliable rental demand; do not overpay for finish over fundamentals.