4/23 Osborne Avenue, Glen Iris VIC 3146

First-floor boutique flat | Glen Iris location | Northern aspect & balcony | One car space | Long owner-occupier tenure This unit’s primary strength is its position within a tightly held, small block in a consistently sought-after suburb, evidenced by an average owner tenure exceeding thirteen years. The northern light and balcony enhance liveability, directly appealing to an owner-occupier seeking a low-turnover environment or an investor targeting stable, long-term rental demand from professionals or small families in the school catchment. Its scarcity is defined by the limited eight-unit context, insulating it from the impersonal scale of larger developments. The central risk is the direct value comparison to the recent building sale, where a comparable unit with two car spaces commanded $650,000; having one space creates a tangible value discount that must be reflected in any offer. The absence of strata details is a critical financial unknown, and the wide listing range suggests pricing ambiguity. Acquire at the lower spectrum to buffer for the parking deficit and undisclosed fees, then hold for long-term capital growth driven by location rather than the unit’s dated features. A comparable unit in the same building, Apartment 3/23, sold for $650,000 in February 2026. That unit included two car spaces, providing a clear benchmark. The subject property’s single space logically places its value below this figure, anchoring the listing’s upper range as optimistic without significant interior advantage.