Cheltenham at a glance
26,278
People
$1,325,000
Median sale
$655/wk
Median rent
2.57%
Suburb gross yield
Median sale from 19 recorded sales (last 24 months) — a Districts calculation.
VIC › Cheltenham › Park Rd
$1,625,000
Last sold
27 Feb 2023
3
Bedrooms
2
Bathrooms
2
Car spaces
360 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,625,000
27 Feb 2023 · derived via latest_sale
Local land rate: recorded Townhouse sales in Cheltenham (last 5 years) with land size have a median of $4,138/m² of land (n=18). Districts calculation from recorded sales — not a valuation.
Cheltenham at a glance
26,278
People
$1,325,000
Median sale
$655/wk
Median rent
2.57%
Suburb gross yield
Median sale from 19 recorded sales (last 24 months) — a Districts calculation.
Vs Cheltenham
+22.6%
Median sale
Suburb $1,325,000
-0.47 pp
Gross yield
Suburb 2.57%
Suburb median $1,325,000 from 19 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $655/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Cheltenham at a glance
26,278
People
$1,325,000
Median sale
$655/wk
Median rent
2.57%
Suburb gross yield
Median sale from 19 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Ray White The Bayside GroupPicture it all unfolding here. A harmonious life amongst nature, sweet birdsong, towering gums and views down the lush fairway of Victoria Golf Club's signature hole. Delivering as much in terms of lifestyle as it does in comfort, sophistication and location, this architectural residence exudes warmth, light, style and flair.
83A Park Road is the larger of the two in this premier development - internally and externally - and the driveway access via Olympic Avenue allows the downstairs living to maximise the gorgeous outdoor and wraparound garden views from front to back.
On a corner block of 361sqm (approx), this executive residence presents an encyclopedia of beauties, features and riches to adore. Thoughtfully designed, sunlit and up-to-the-minute with seamless indoor-outdoor entertaining on both levels - the downstairs deck amongst lush gardens and an upstairs balcony taking in those incredible course views - a peaceful escape from the daily grind.
Stunning engineered floorboards lining both levels, high ceilings and full-height double-glazed windows capitalising on the stunning outdoor views. LED lighting, ducted reverse cycle air conditioning, video intercom, rainwater tank and a double remote garage.
An accommodating floor plan comprising 3 extra-large bedrooms with robes and stunning bathrooms on both levels. The upstairs master with a huge walk-in robe and a designer ensuite with a rainmaker shower. The two downstairs bedrooms serviced by a sleek family bathroom with a bath and a shower, plus a large laundry with excellent storage.
So much space to sit and relax - a sumptuous downstairs living with course and garden views to 3 sides, spilling out onto the huge sundeck and backyard; and most of the upper level dedicated to refined living, dining and entertaining on a grand scale.
A designer chef's kitchen with Caesarstone benchtops and a waterfall-edge island/breakfast bar, SMEG cooking appliances & dishwasher, boundless soft-close storage and a butler's pantry. Generous living and dining spaces and glass stacker doors connecting with the alfresco balcony with a sensational course view.
Only a stone's throw from beautiful beaches, the "Pennydale" quarter of Cheltenham puts countless world-class amenities at the door including Cheltenham and Victoria Golf Clubs, the sought-after Olympic Avenue kindergarten, numerous quality primary and secondary schools, Charman Road shops, and the new Cheltenham Station all within an easy 5 minute walk.
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
*As per government regulations, anyone attending a public open home inspection or auction must provide proof of double vaccination and check in via the QR code provided on site.
Listing description written by Kevin Chokshi, Ray White The Bayside Group — reproduced as published, not verified by Districts.
Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.