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21 Correa Avenue, Cheltenham VIC 3192

$1,400,000 - $1,500,000

Search Band Search Visibility Band

$1.4M - $1.47M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 598 m²

Listed: 2 hours ago

Overview

Set in the highly desirable Pennydale enclave of Cheltenham, this classic mid-century family home presents a unique opportunity rarely seen on the market, being held by the same family for over 60 years. Positioned on a substantial allotment of approximately 598 square metres, the property combines enduring character with the promise of modernisation, extension, or redevelopment subject to council approval.

The residence is distinguished by its abundance of natural light and original period features such as expansive windows and bespoke timber panelling, which extend through the living zones, kitchen, and bathroom. The living spaces are carpeted, comfortable, and practical, yet offer the intriguing potential to restore the original timber floorboards concealed beneath – a feature that can reconnect the home with its 1960s heritage.

Functionality is supported by multiple living areas and a classic 1980s kitchen, equipped with a St George electric oven and generous bench space designed to accommodate additional appliances. Heating is provided via gas, and cooling is available in the rear bedroom through a split system, catering to comfort in all seasons.

For those who enjoy hosting or outdoor leisure, the timber decking running along the side and rear of the home offers a welcoming setting for gatherings or relaxed alfresco dining. Off-street parking is notably convenient and abundant, featuring a double garage alongside a sizable driveway that can accommodate multiple vehicles.

Location is a significant asset, with the property situated mere minutes from some of Melbourne’s prestigious Sandbelt golf courses including Victoria Golf Club and Cheltenham Golf Club, with Royal Melbourne and Sandringham also within easy reach. This proximity to elite sporting venues enhances the lifestyle appeal for golf enthusiasts or those seeking a peaceful, green backdrop.

As the neighbourhood evolves, with a trend towards contemporary homes and townhouse developments, this generously sized land parcel and character-filled dwelling offers broad appeal to homebuyers looking to retain nostalgic charm, renovators seeking a rewarding project, builders envisaging new construction, or investors exploring development potential.

The property’s blend of original features, flexible spaces, and excellent location positions it as an enticing opportunity for a range of buyers seeking a home with history and scope in a well-regarded suburb.

Local Market Insights

In Cheltenham, Quiet Listings observed 11 new houses entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $1,243,991. The property type mix of listed properties is predominantly Houses at 38%, followed by townhouses (21%), and units (14%). The most active agency for houses in the Cheltenham area is currently Ray White, representing 45% of new listings, followed by Jellis Craig with 18%. 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.