8 Allison Avenue, Glen Iris VIC 3146

Period brick residence on 661sqm | Top-of-hill prominence | Glen Iris Primary catchment | Auction clearance rate 58% The property presents a rare combination of solid period construction on a 661sqm block in a premier elevated position, which directly supports long-term capital stability. Its generous four-bedroom layout and dual living zones suit families seeking a permanent home within the Glen Iris Primary zone, a catchment that consistently drives buyer demand. The availability of building and pest reports pre-auction gives a serious buyer an uncommon informational edge, allowing a confident bid without the usual contingency risk. The primary risk is the current auction clearance rate of 58%, indicating a market where overpricing is punished and underquoting is common. A buyer should treat the asking range as a starting negotiation point, not a ceiling, and prepare to bid below the estimated $2.24 million value. The 2020 purchase price provides a clear floor for vendor expectations. For a buyer who secures this property, the optimal hold is a family home with strong school-linked demand; no value-adding is required unless a future subdivision is considered, which the land size supports but zoning would need to confirm.