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22 Railway Terrace, Cheltenham SA 5014

$1,395,000 - $1,534,500

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$1.4M - $1.46M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 2 Cars 1288 m²

Listed: 22 days ago

Updated: 2 hours ago

Overview

This property at 22 Railway Terrace, Cheltenham, built in 1966, combines character charm with substantial land and versatile living options, appealing to homeowners, investors, and developers.

Set on a large allotment of approximately 1,288 sqm, the site offers expansive outdoor space and potential for future development subject to council approval. The main residence comprises four bedrooms and two bathrooms, including an enclosed verandah and a separate rumpus room that can accommodate diverse lifestyle needs such as additional living space, a home office, or children's retreat.

Significant value is added by a self-contained granny flat at the rear, featuring its own kitchen and bathroom. This setup presents an opportunity for dual income, ideal for extended families or rental pursuits.

The home retains original features that reflect its 1960s heritage, providing a comfortable setting for immediate occupancy and a solid foundation for renovation or enhancement over time.

Additional amenities include multiple sheds offering practical storage and workshop spaces, along with parking for two cars. Located in Cheltenham, the property benefits from proximity to transport links like Cheltenham Railway Station and nearby bus routes, as well as shopping and lifestyle amenities in the St Clair precinct. Local schools, recreation facilities, and the coastline add to the convenient suburban lifestyle on offer.

Overall, 22 Railway Terrace presents a rare combination of established residence, flexible accommodation options, and a significant landholding that encourages consideration beyond the present, whether for family living, investment returns, or future redevelopment projects.

Local Market Insights

In Cheltenham, Quiet Listings observed 24 new houses entering the market over the last 30 days, up from 16 during the previous 30-day period, with an average advertised asking price of $974,000. The property type mix of listed properties is predominantly Houses at 89%, followed by units (7%), and apartments (4%). The most active agency for houses in the Cheltenham area is currently Ray White, representing 63% of new listings, followed by Harcourts with 13%. 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.