24/296 Bay RoadCheltenham VIC 3192
Property Details for 24/296 Bay Rd, Cheltenham
Last Listing description (May 2023)
Fitzroys is pleased to offer this immaculately presented second level office at 24 & 25, 296 Bay Road Cheltenham for immediate private sale.
The key features of this offering include:
- Within the heart of the Cheltenham's retail and commercial core
- Light filled corner exposure with north facing views
- On site car parking for 5 cars
- Offered with vacant possession occupy or invest
- Self-contained kitchenette facilities
- Access to toilet amenities
- Surrounded by established local and national operators including Dan Murphy's, Aldi, Cosh Living, the Flour House and more
*Approx.
Property History for 24/296 Bay Rd, Cheltenham, VIC 3192
- 15 May 2024Sold for $585,000
- 13 Oct 2022Listed for Sale Contact Agent
- 24 Aug 2016Listed for Sale Contact Agent
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About Cheltenham 3192
The size of Cheltenham is approximately 10.6 square kilometres. It has 26 parks covering nearly 19.1% of total area. The population of Cheltenham in 2011 was 20,291 people. By 2016 the population was 22,311 showing a population growth of 10.0% in the area during that time. The predominant age group in Cheltenham is 40-49 years. Households in Cheltenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cheltenham work in a professional occupation. In 2011, 73.6% of the homes in Cheltenham were owner-occupied compared with 71% in 2016.
Cheltenham has 14,707 properties. Over the last 5 years, Houses in Cheltenham have seen a 32.80% increase in median value, while Units have seen a 17.29% increase. As at 31 July 2024:
- The median value for Houses in Cheltenham is $1,209,188 while the median value for Units is $679,121.
- Houses have a median rent of $690 while Units have a median rent of $538.
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