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12, 12 Sydney Street, Cheltenham VIC 3192

Auction

Search Band Search Visibility Band

$800k - $850k Low Confidence Calculated based on limited search observations.

House 3 Beds 2 Baths 3 Cars 198 m²

Listed: 5th Aug 2026

Updated: 18th Aug 2026

Overview

This development site at 12, 12 Sydney Street in Cheltenham offers an exceptional opportunity to create a bespoke standalone home in a prime beachside location. The property is already approved for redevelopment into a three-bedroom, two-bathroom residence, thoughtfully designed to maximise natural northern sunlight and provide a generous front garden alongside a spacious rear yard.

The proposed layout promotes livability with two open-plan living areas on the ground floor, perfect for flexible family arrangements or entertaining. A significant feature is the expansive treetop master suite that promises privacy and enjoyment of the surrounding environment, elevated above the main living spaces. Practicality is enhanced with provision for three car spaces including a garage, addressing parking demands in the area.

Located near the border of Mentone and Beaumaris, the site benefits from a park-edge setting just steps from a local lane providing direct park access at Jack Barker Oval and a newly developed train playground, encouraging an active lifestyle for families. The opportunity to apply for a separate street number for the standalone home adds potential for individual identity and value.

Convenience is a hallmark of this location, with Cheltenham’s vibrant Charman Road retail strip only two blocks away and the Cheltenham train station within 550 metres, ensuring seamless connectivity. Residents can enjoy Melbourne’s highly acclaimed beaches, sandbelt golf courses, and Southland shopping and entertainment precinct within close walking or short driving distance. Education prospects include zoning access to Mentone Girls’ and Beaumaris Secondary Colleges and Cheltenham Primary School reachable via safe, crossing-free park routes.

This project suits those looking for a hands-on development venture or those seeking a turnkey option through one of Victoria's leading builders, allowing for tailored specifications and budgets. The site represents a rare chance to secure a premium address that balances coastal lifestyle benefits with urban amenities, appealing to families, investors, and professionals eager to capitalize on the growth and lifestyle potential of this sought-after beachside suburb.

Local Market Insights

In Cheltenham, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 13 during the previous 30-day period, with an average advertised asking price of $1,290,000. The property type mix of listed properties is predominantly Houses at 44%, followed by townhouses (22%), and units (15%). The most active agency for houses in the Cheltenham area is currently Ray White, representing 44% of new listings, followed by Buxton Real Estate Group with 39%. 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.