38-40 Forest Street, Yarra Glen, Vic 3775

A prime opportunity awaits in Yarra Glen with two great dwellings up for offer!

2/40 Forest Street, Yarra Glen: A beautifully renovated three-bedroom, one-bathroom dwelling is nestled in the vibrant heart of Yarra Glen. This home is a true standout, showcasing a stylish renovation throughout, including a sleek, modern kitchen and refreshed wet areas. Floating floorboards create a seamless sense of luxury and comfort, enhancing the home's inviting atmosphere.

Step into the kitchen and you'll find brand new electric Bosch cooking appliances, elegant 40mm stone benchtops, double sink, dishwasher, double pantry, island bench and a layout designed for functionality and style. The open living area is serviced by a split system, ensuring comfort year-round, while remote ceiling fans in each bedroom provide additional climate control. 

Each of the three bedrooms comes complete with built-in robes, offering practical storage without compromising space. The bathroom has been thoughtfully designed with a walk-in shower, a striking single vanity and toilet adding a touch of sophistication to everyday living. 

A well equipped laundry is complimented by a secondary toilet, giving access to both the hallway & outside where there is a clothes line for great day-to-day use. An outdoor space connected just off the kitchen creates great opportunities for the entertainer. 

A fenced backyard provides privacy and a secure space to relax or entertain, and the single-car garage adds extra convenience. This home presents an ideal blend of low-maintenance living and modern appeal, right in the heart of Yarra Glen.

1/38 Forest St, Yarra Glen: This property presents an exciting opportunity for renovators and visionary buyers to create something truly special.

Featuring two generous bedrooms with built-in robes and two distinct living zones, the existing layout offers both comfort and flexibility. The second living area provides outstanding potential to be transformed into a third bedroom, home office, or even an additional bathroom—tailor the space to suit your lifestyle needs.

A spacious laundry with ample storage and a main living area equipped with a split system offer practical starting points, while the home’s truss roof design—with no load-bearing internal walls—opens the door to a seamless reconfiguration or full-scale renovation.

Outside, the backyard features a fantastic storage shed and plenty of space to bring your landscaping vision to life. Whether you're dreaming of an entertaining area, adding a studio for further living, veggie garden, or play space, the block offers great potential.

Whether you're an experienced renovator or ready to take on your first project, this home is a blank canvas in a location that continues to grow in popularity. Don’t miss your chance to add value and make your mark in vibrant Yarra Glen.

For the investor: The total allotment is set on a generous 1,459sqm (including common property), a unique block being a true standout in the 3775 market. An investment that would bring a strong rental return, it also presents exciting potential for future expansion — with the possibility to add further housing accommodation (STCA) and boost rental income even more. A smart investment in a tightly held area with solid growth and demand.