1 Peace Street, Glen Iris, Vic 3146

Stonebridge Property Group is pleased to present for sale 1 Peace Street, Glen Iris, a premium 1,145 sqm* landholding with permit approval for 6 luxury townhouses, positioned to capitalise on strong demand from an affluent and captive local buyer market.

Key highlights of the opportunity include:

   -  Premium 1,145 sqm* north facing Glen Iris landholding

   -  Permit approved for 6 double-storey townhouses, comprising 1 x 4-bedroom and 5 x 3-bedroom houses and 1,393 sqm* NSA

   -  Existing improvements include a single two-storey dwelling comprising three bedrooms, two bathrooms, a garage/shed and a large rear yard, featuring no Heritage Overlay

   -  Glen Iris is one of Melbourne’s strongest performing residential markets, with its median house price surging 9.4% in the latest quarter to October 2026 and outperforming Metro Melbourne by 12.5% (REIV 2026).

   -  Surrounding townhouse sales evidence demonstrates established demand for premium residential product, supported by a Glen Iris median house price of approximately $2.20 million (REIV 2026).

   -  The average household size of 2.5 persons supports the predominantly three-bedroom product mix, while townhouses already represent 18.0% of local dwellings versus 13.9% across Victoria (ABS 2021), demonstrating an established and well-accepted townhouse market.

   -  Quiet and tree-lined street with a no through road, just 200 m* from the Gardiners Creek Trail, 200 m* from TH King Oval, 700 m* from Darling Park and 1.3 km* from Malvern Central Park.

   -  Exceptional surrounding retail amenity, 800 m* from Glen Iris retail centre, 800 m* from Darling Road retail strip, 1 km* from Ashburton’s High Street Village retail strip and 2.8 km* from Chadstone Shopping Centre.

   -  Excellent connectivity, 700 m* from Glen Iris Train Station and immediate access to the Monash Freeway on ramp.

   -  Located nearby Melbourne’s leading schools including Glen Iris Primary School (350 m*), Korowa Girls School (1 km*), 1 km* to Sacre Coeur and 1.6 km* to Ashburton Primary School.

   -  Glen Iris benefits from an affluent family demographic, with household incomes 38% above the Victorian average (ABS 2021) and 51.7% of families comprising couples with children, compared with 45.5% across Victoria.

To obtain further information, please contact the exclusive selling agents, Stonebridge Property Group.

 Andrew Milligan

amilligan@stonebridge.com.au

+61 421 559 992

 Lucas Duffy

lduffy@stonebridge.com.au

+61 417 596 560

 Chao Zhang

czhang@stonebridge.com.au

+61 411 625 068

  Stonebridge Property Group Development Sites Team is Melbourne’s largest dedicated development site sales team, with more than $5.5 billion in transactions across residential development sites, mixed-use development sites and commercial development opportunities throughout Melbourne and Victoria.

Campaign ID: a0TOd00000qbknfMAA

Property Code: 1811