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 › Charman Rd
For sale
For sale
2
Bedrooms
2
Bathrooms
1
Car spaces
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
Asking
No recorded sale price for this property yet.
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.
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
UnknownVictoria 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.
Area
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 NoordenConstruction is now well underway at Banksia Cheltenham, with the tower crane in operation and a developer-backed Completion Guarantee by October 2027, giving purchasers the confidence of knowing exactly when they can plan their move.
Proudly designed, developed and built by renowned local builder Shenfield Property, a trusted Bayside developer with more than 20 years of experience delivering quality boutique residential communities, Banksia is a collection of just 29 beautifully crafted residences positioned on the beachside of vibrant Cheltenham Village.
Unlike many larger apartment developments, Banksia has been thoughtfully designed to create a genuine sense of community, offering generous two and three-bedroom apartments, luxurious penthouses and premium finishes rarely found at this price point.
Spacious Living Designed For The Way You Live Today
Every residence has been carefully planned to maximise natural light, space and functionality. Flexible floorplans, expansive open-plan living areas and generous outdoor entertaining spaces create homes that are equally suited to downsizers, professionals and investors.
Elegant interiors feature engineered oak flooring, soft neutral colour palettes and full-height glazing, while beautifully appointed kitchens include premium black Smeg appliances, natural stone benchtops and streamlined cabinetry that combine timeless design with everyday practicality.
Many residences also enjoy leafy outlooks across Cheltenham and the neighbouring golf courses, creating an environment that feels peaceful, private and connected to nature.
Designed To Last. Built For Tomorrow.
Banksia has been created with sustainability and long-term comfort in mind.
Double-glazed windows, energy-efficient heating and cooling systems, quality insulation and optional electric vehicle charging facilities allow residents to enjoy lower running costs while reducing their environmental footprint.
Built to the exacting standards Shenfield Property has become known for throughout Bayside, every residence has been designed to provide comfort, efficiency and enduring quality for many years to come.
Live In The Heart Of Bayside
Perfectly positioned just moments from Cheltenham Station, Southland Shopping Centre and the area's cafs, restaurants and everyday conveniences, Banksia offers an exceptional lifestyle where most daily errands can be completed on foot.
Enjoy easy access to Bayside's beautiful beaches, Royal Melbourne Golf Club, Victoria Golf Club, Sandringham Golf Club, walking trails and local sporting facilities, while remaining only a short commute to Melbourne's CBD.
Adding even greater convenience, the ground floor will feature a boutique neighbourhood grocer, bringing quality fresh produce and everyday essentials to your doorstep.
Why Buyers Are Choosing Banksia
Construction underway
Developer-backed Completion Guarantee by October 2027
Built and developed by trusted local builder Shenfield Property
Boutique development of only 29 residences
Spacious apartments and luxurious penthouses
Premium finishes and energy-efficient design
Potential stamp duty savings available during construction*
Experience Banksia For Yourself
The best way to appreciate Banksia is to visit our Display Suite and explore the floorplans, finishes and remaining opportunities in person.
Display Suite:
230 Charman Road, Cheltenham
Open Wednesday, Thursday & Saturday
11:00am 1:00pm
Private appointments are also available at a time that suits you.
To arrange your private inspection or receive floorplans and pricing, contact:
David Lamond
0416 422 279
Secure your preferred residence today and watch your future home come to life as construction continues.
*Please seek independent legal advice regarding your eligibility for stamp duty savings.
Listing description written by David Lamond, Noorden — reproduced as published, not verified by Districts.