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38 Peate Avenue, Glen Iris VIC 3146

$2,100,000 - $2,300,000

Search Band Search Visibility Band

$2.2M - $2.3M High Confidence Calculated based on strong search observations.

House 5 Beds 2 Baths 2 Cars 762 m²

Listed: 3rd Aug 2026

Updated: 53 days ago

Overview

Located in a prestigious, tree-lined avenue highly regarded for its family-friendly atmosphere, this solid brick residence offers exceptional potential and a lifestyle defined by spacious living and spectacular city views from the upper floor. Set on a generous 762sqm allotment with a wide 15.2m frontage, the property provides a broad canvas for renovators or those seeking to build a luxurious new home in the esteemed Glen Iris area.

The current design features an expansive floor plan that incorporates formal and casual living and dining areas, a generous kitchen, and large bedrooms with bathed-in natural light from well-appointed windows. The wide frontage enhances the home’s street presence and contributes to the expansive feel within.

This residence is particularly appealing for families desiring space and flexibility, as well as for investors or developers anticipating future opportunities in this sought-after neighbourhood. Its location close to quality schools, parks, public transport and retail amenities ensures practical convenience alongside the premium features of this residence.

Classic solid brick construction with enduring appeal
Magnificent upper floor city views invite an enviable lifestyle
Generous land size with broad frontage offers redevelopment possibilities
Functional layout with multiple living spaces and sizeable bedrooms
Close proximity to renowned schools and local amenities enhances family suitability

Overall, this property combines established charm with excellent potential in a highly coveted Glen Iris location, making it worthy of careful consideration by discerning buyers looking for long-term value and lifestyle in Melbourne's inner east.

Local Market Insights

In Glen Iris, Quiet Listings observed 28 new houses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $2,986,786. The property type mix of listed properties is predominantly Houses at 62%, followed by apartments (17%), and townhouses (9%). The most active agency for houses in the Glen Iris area is currently Marshall White, representing 39% of new listings, followed by Jellis Craig with 32%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.