SOLD
Sold on 24 Apr 2024 for $350,000

501/1228 Nepean Highway
Cheltenham VIC 3192

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
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Sold By
Buxton Mentone
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Property Details for 501/1228 Nepean Hwy, Cheltenham

501/1228 Nepean Hwy, Cheltenham is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in Cheltenham in the last 12 months.

Building Type
Unit
Year Built
2018
Floor Size
52m2
Local Government
Kingston
Lot/Plan
501/PS722823

Last Listing description (September 2024)

Merely metres to cafes, shops and city-bound trains at Cheltenham station - and well serviced by bus routes - this prized address is shouting out to busy professionals, first home buyers and investors, along with anyone chasing a relaxed lock & leave lifestyle.
On the fifth floor with secure video intercom entry and the convenience of lift access, the inviting 1-bedroom residence features a spacious living/dining area with split system heating/cooling, a sleek stone-topped kitchen with stainless steel appliances (including a dish drawer dishwasher) and a sparkling, stylish bathroom with mirror storage and floating vanity.
Built-in robes and an electric heater star in the generous bedroom while wrapping up an extremely appealing package are a sunny terrace, large Euro laundry, secure parking space and storage cage.

Within walking distance of Southland shopping centre and with Charman Road's fabulous array of dining and retail attractions at its doorstep - this really is an address to envy.

For more information about this stylish lock & leave haven, please contact Christopher Rae at Buxton Mentone on 0418 456 980

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Property History for 501/1228 Nepean Hwy, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$350,000
24 Apr 2024
Listed for Rent
$350/w
07 Dec 2020
  • 03 Jul 2024
    Listed for Sale Priced to sell - $340,000 - $360,000
  • 24 Apr 2024
    Sold for $350,000
  • 06 Nov 2020
    Listed for Rent $350 / 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 14,835 properties. Over the last 5 years, Houses in Cheltenham have seen a 10.81% increase in median value, while Units have seen a 9.48% increase. As at 30 November 2024:

  • The median value for Houses in Cheltenham is $1,159,955 while the median value for Units is $681,178.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 47 properties listed for sale, and 39 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 617 properties were sold in the past 12 months in Cheltenham.

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