2/49 Osborne Avenue, Glen Iris VIC 3146

Ground-floor garden apartment in Glen Iris | Boutique block with two car spaces | Strong school catchment | Low turnover building The property’s key advantage is its rare ground-floor configuration with a private courtyard on a small, low-turnover block , a combination that commands a premium in Glen Iris. The dual parking, modern Miele kitchen, and zoning for Malvern Central and Auburn High schools strengthen its position for downsizers and families seeking a lock-and-leave base. The absence of overlay risks and the quiet street location add to its defensive appeal in a suburb with consistent 5.3% annual growth. The main risk is the shared lot title, which limits land-value appreciation compared to a standalone house, and the short marketing window with an EOI deadline that may compress buyer leverage. However the recent comparable sale at $1.015 million in the same building provides a solid floor, and the rental yield near 4.8% offers a credible hold strategy if the purchase price lands under $1.15 million. For a buyer seeking low-maintenance living with school catchment security, this unit should be inspected with an offer structured to capture the garden and parking edge before competition tightens.