46 Brandon Street, Glen Iris VIC 3146

Solid brick Art Deco | 651m² land parcel | 3-bed, 1-bath period layout | Summerhill Estate streetscape This property presents a competitively strong, low-density land holding within a character streetscape, a configuration increasingly rare in inner suburbs. The solid brick construction and Art Deco heritage offer a durable, distinct aesthetic. This house serves a buyer seeking a single-level family home on a substantial block, with the trade-off being a period-appropriate single bathroom. Its value is fundamentally anchored in its land size and established location. The primary decision involves capital allocation against modernisation costs and functional compromise. The price premium over its 2018 sale must be justified by comparable growth in the immediate locale, not just broader market movement. Proceed only if the land value justifies the entry price, with a clear budget for bathroom augmentation. A Propcred report would pressure-test this valuation, detail locality risks like heritage overlays, and clarify renovation feasibility for this specific property. The property sold for $1,845,000 in 2018. The current asking price implies an annualised growth rate of approximately 1.0% to 2.2% over eight years, which is modest. This underscores the necessity to verify that recent sales of comparable character properties in Glen Iris support the guide, as the asset’s own history does not strongly justify the premium.