6 Albemarle Court, Glen Iris VIC 3146
6 Albemarle Court, Glen Iris VIC 3146
Family house in quiet court | Established inner-east suburb | Family owner-occupier demand | Solid rental appeal | Likely older dwelling needing updates
This property sits in a quiet court within a premium inner-east suburb known for leafy streets and strong family appeal. The house form suits owner-occupiers seeking space, school access, and a serene setting rather than investors chasing high yields. Its position in a cul-de-sac likely offers privacy and low traffic, which tends to hold value well. The property probably attracts families upsizing or professionals wanting established amenity without compromising on location. The typical character here is older postwar housing, often renovated over time, so a buyer may find either a ready-to-move home or a project with potential.
Value may hinge on the dwelling’s condition, internal layout, and land size relative to expectations. A dated interior or smaller block could soften price compared to renovated neighbours, while a well-kept home with functional flow might command a premium. Rental demand appears solid, though yields are modest given high entry prices. Buyers should weigh renovation costs if updates are needed, and confirm school catchment boundaries, as these can shift street by street. The court location and established streetscape likely support long-term stability, but the exact lot configuration and building age remain important unknowns.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Albemarle Court, Glen Iris VIC 3146
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Glen Iris, 10km from the Melbourne CBD, remains a tightly held, family-oriented market. Established families and professionals dominate demand, supported by excellent schools, parklands and high outright ownership (37.9%). House prices sit around $2.5m–$2.7m across sources, but annual growth signals are mixed, ranging from -5.7% to 10.7%, reflecting rate sensitivity. Units median between $615k and $718k, with most sources showing negative annual growth (as low as -13.8%) despite one quarterly gain of 10.4%. Stock turns quickly: houses sell in 25–38 days. Gross yields are thin for houses (2.1%–2.4%) but healthier for units (4.1%–4.8%). The key constraint is affordability at the top of the market, leaving limited buffer for further rate stress; sustained demand relies on the suburb’s transport links and school catchment.
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PropCred Estimated Value
Comparable Sales: 30 Iris Road sold around $2.03M; 1/162 Glen Iris Road indicated $2.55M | Property Price Band: $1.9M–$2.3M | Value Drivers: land size, condition, quiet court positioning
Bedrooms
3
Bathroom
1
Parking
2
Land
641m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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