SOLD
Sold on 28 Sep 2023 for $350,000

625/8 Railway Road
Cheltenham VIC 3192

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 43m2
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Property Details for 625/8 Railway Rd, Cheltenham

625/8 Railway Rd, Cheltenham is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a floor size of 43m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 1 bedroom Unit sold in Cheltenham in the last 12 months.

Building Type
Unit
Year Built
2018
Floor Size
43m2
Local Government
Kingston
Lot/Plan
625/PS722823

Last Listing description (October 2023)

Time to bid farewell to your landlord and climb the property tree, or add a high-yielding investment to your property portfolio, this one-bedroom 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!

On the door of Charman Road shopping, dining & cafes; Cheltenham Station with just one stop away from Westfield Southland and an express line into the CBD. Cheltenham Park Reserve, Sandbelt Golf Courses, the beach and iconic Bay Trail are all close by.


Incredible bay views stretch to Mornington in the distance, featuring an unusually generous balcony, functional spaces and quality, simplistic design. Square-set cornices, full-height double-glazed windows, a modern colour palette, quality carpets, blinds, stone surfaces and split system air-conditioning.


A generous bedroom with mirrored robes, heating, a TV point and sliding door balcony access - closely serviced by the sleek, fully-tiled bathroom and hidden laundry combined, with a stone-top vanity, mirrored storage and an oversized shower.

Quality stone-top kitchen with great overhead/under-bench storage, NEFF cooking appliances and a dishwasher. Open dining/living and a large balcony poised to take in the ever-transforming Port Phillip Bay any time of day.

Video intercom, lift access, secure parking space, storage cage and standout resident facilities including a central green garden with park benches, BBQ entertaining and alfresco dining. 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.
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Property History for 625/8 Railway Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$350,000
28 Sep 2023
  • 28 Sep 2023
    Sold for $350,000
  • 15 Aug 2023
    Listed for Sale SOLD BY KEVIN CHOKSHI
  • 10 Oct 2019
    Sold for $370,000
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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.
There are currently 45 properties listed for sale, and 37 properties listed for rent in Cheltenham on OnTheHouse. According to CoreLogic's data, 643 properties were sold in the past 12 months in Cheltenham.

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Elise Russell
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Kevin Chokshi
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Ray White Cheltenham
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