SOLD
RECENT ADVICE
Sold on 30 Apr 2024 for $455,000

319/8 Railway Road
Cheltenham VIC 3192

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 319/8 Railway Rd, Cheltenham

319/8 Railway Rd, Cheltenham is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Apartment sold in Cheltenham in the last 12 months.

Building Type
Apartment
Local Government
Kingston
Lot/Plan
319/PS722823

Last Listing description (April 2024)

An excellent opportunity to bid farewell to your landlord and climb the property tree, or add a high-yielding investment to your property portfolio, this two-bedroom "The Village" apartment represents easy, very affordable living at an address that was the first of its kind in Cheltenham's revitalised railway precinct.

Amidst a melding of colourful Melbourne vibrancy and breezy coastal ambience, this well-designed apartment is on the door of the Charman Road latte strip and Cheltenham Station - a stop away or a quick walk from Westfield Southland and an express line to the CBD. Cheltenham Park, Sandbelt Golf Courses, the beach and iconic Bay Trail are close-by.

Elevated views towards Port Phillip Bay, and featuring an unusually generous 6.3m (approx) balcony and a spacious, thoughtfully devised layout that can bend and flex to accommodate a range of buyers' needs. Functional spaces and quality, simplistic design.


Square-set cornices, full-height double-glazed windows, wide-board timber flooring, quality carpets, blinds, stone surfaces, split system air-conditioning and bedroom heating.

Both bedrooms include mirrored robes, wall heaters and TV points - the main with a fantastic study/yoga/reading nook, and bedroom two with balcony access. Closely serviced by the sleek, fully-tiled bathroom/laundry combined with stone-top vanity, mirrored storage and an oversized shower.

Quality stone-top kitchen with NEFF cooking appliances and a dishwasher, great overhead/under-bench storage AND the owner has added a handy moveable island bench/breakfast bar. Open dining/living and a large balcony poised to bask in the glorious coastal breeze.

Video intercom, lift access, secure parking space, storage cage and standout resident facilities including a central green garden with park benches and BBQ entertaining.

An appealing investment or a chance to embrace the unique lifestyle that only Melbourne's bayside can deliver.

PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections

Property History for 319/8 Railway Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$455,000
30 Apr 2024
Listed for Rent
$450/w
19 Jul 2023
  • 16 Apr 2024
    Sold for $455,000
  • 14 Feb 2024
    Listed for Sale Contact Agent
  • 12 Jul 2023
    Listed for Rent $450 / week
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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 14,712 properties. Over the last 5 years, Houses in Cheltenham have seen a 28.48% increase in median value, while Units have seen a 14.92% increase. As at 31 August 2024:

  • The median value for Houses in Cheltenham is $1,203,432 while the median value for Units is $676,563.
  • Houses have a median rent of $690 while Units have a median rent of $540.
There are currently 53 properties listed for sale, and 36 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 639 properties were sold in the past 12 months in Cheltenham.

Suburb Insights for Cheltenham 3192

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Dylan Jansma
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Lauren Chambers
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Ray White Cheltenham
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.