OFF MARKET

45 Luxmoore Street
Cheltenham VIC 3192

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
Floor area: 341m2
Land area: 620m2
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Last updated 11 Nov 2024
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Property Details for 45 Luxmoore St, Cheltenham

45 Luxmoore St, Cheltenham is a 4 bedroom, 2 bathroom House with 3 parking spaces and was built in 2023. The property has a land size of 620m2 and floor size of 341m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
House
Year Built
2023
Floor Size
341m2
Land Size
620m2
Local Government
Bayside
Lot/Plan
8/LP52435

Last Listing description (March 2021)

Located in an impressive position in the much sought after Pennydale precinct of Cheltenham, this perfect bayside entry home or investment is amongst it all. Within less than a 15-minute walk to absolutely everything in the immediate area including Southland Station and Westfield Plaza (10 mins), Cheltenham station, Charman Road strip, Cheltenham Park, multiple golf courses, Cheltenham Primary and Cheltenham Secondary College zoning.

This mostly original 3-bedroom home on 625sqm (approx.) is your way into this fast-selling, increasingly inflating hotspot before you're priced out for good. With the ability to cater to a variety of buyers' needs, it goes without saying just how rarely a Pennydale property this affordable, of this proportion, becomes available to buyers.

The property has real possibility for the investor, first home buyer, renovator, or those looking for the perfect site to build their dream home. With a 15.3m street frontage by 41m (approx) building canvas to play with, a variety of opportunities is there to explore.

For investors or home-buyers, the property, although a little dated on the surface, is certainly able to accommodate you or your tenants immediately. It is straight and solid and has terrific bones and foundations, currently with a tenancy in place.

Original detailing, ducted evaporative cooling, three large bedrooms with robes, bathroom, separate toilet and laundry, functional original kitchen, L-shaped lounge and dining room and a large separate rumpus/games room out the back; or a 3-car garage/workshop, plus a shed. Then there's the extensive undercover entertaining areas front and back, and the good old-fashioned Aussie backyard!

Whether you plan to renovate what's already here, wipe the slate clean and rebuild, or redevelop the site (STCA), just don't miss your opportunity by being one of those buyers waiting for the market to turn!

** Online bidding is available for this auction - it is via the GAVL app. If you are bidding, please contact Kevin or Nakita to discuss this once you have inspected the property. GAVL offers buyers the opportunity to watch and bid in real-time **

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

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Property History for 45 Luxmoore St, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$1,410,000
27 Mar 2021
Listed for Rent
$465/w
12 Jun 2018
  • 27 Mar 2021
    Sold for $1,410,000
  • 03 Mar 2021
    Listed for Sale Under Contract
  • 18 May 2018
    Listed for Rent - Price not available
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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 14,769 properties. Over the last 5 years, Houses in Cheltenham have seen a 14.37% increase in median value, while Units have seen a 13.72% increase. As at 31 October 2024:

  • The median value for Houses in Cheltenham is $1,171,721 while the median value for Units is $695,183.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 56 properties listed for sale, and 41 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 625 properties were sold in the past 12 months in Cheltenham.

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