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Overview
This unit at 12/12 Sydney Street represents an exceptional beachside redevelopment opportunity within close proximity to Cheltenham's thriving retail and rail precinct. The existing planning approval for a three-bedroom, two-bathroom standalone home caters well to buyers wishing to create a tailored living environment suited to modern lifestyle demands.
Positioned to capitalize on northern sunlight, the layout includes spacious front and rear gardens, enhancing natural light and outdoor living options. The proposed design emphasizes a contemporary flow with dual living areas on the ground floor, facilitating both relaxed family living and entertaining.
The expansive treetop master suite offers a private sanctuary with generous proportions, while the convenience of three parking spaces, inclusive of a garage, addresses practical needs for residents and guests alike.
Situated within a park-edge setting near Jack Barker Oval and a popular local playground, the location affords a family-friendly atmosphere with easy access to quality recreational spaces. Its proximity to vibrant Charman Road shopping, quick access to the train station, and nearby swimmable beaches further enhance lifestyle appeal.
Education options are a notable feature, with zoning for Mentone Girls' and Beaumaris Secondary Colleges, as well as Cheltenham Primary School accessible via a safe, park-lined walk.
This property is primed to suit families or buyers keen on a project that blends lifestyle desirability with sound redevelopment potential in a coastal pocket renowned for its amenities and community environment.
Local Market Insights
In Cheltenham, Quiet Listings observed 6 new units entering the market over the last 30 days, down from 9 during the previous 30-day period, with an average advertised asking price of $611,667. The property type mix of listed properties is predominantly Houses at 46%, followed by units (15%), and townhouses (15%). The most active agency for units in the Cheltenham area is currently Ray White, representing 50% of new listings, followed by Buxton Real Estate Group with 33%. 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.
Change History
| Headline | When |
|---|---|
| $675,0000 | |
| $650,000 - $700,000 | |
| $690,000 - $750,000 | |
| $820,000 - $900,000 |
Location
Market Insights for Cheltenham VIC 3192
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