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
3
Bedrooms
2
Bathrooms
2
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 NoordenPresenting another exceptional development by renowned local builder Shenfield Property, Banksia embodies meticulous craftsmanship and refined sophistication. Perfectly located on the beach side of vibrant Cheltenham Village, this contemporary urban apartment complex features 29 carefully designed residences that artfully blend modern elegance, high-quality construction, and eco-conscious design elements.
Apartment Offerings:
- One-Bedroom Apartments: Priced from $670,000
- Two-Bedroom Apartments: Priced from $845,000
- Three-Bedroom Apartments: Priced from $1,310,000
Each residence in Banksia has been thoughtfully conceived to cater to the lifestyle needs of todays savvy buyers. With flexible floorplans that can adapt to diverse living arrangements, these apartments showcase refined interiors, enhanced by full-height windows that invite natural light, soft neutral colour palettes that create a calming ambiance, and stunning oak timber flooring throughout open-plan living spaces. The minimalist kitchens, equipped with premium black Smeg appliances, merge style with functionality, making every culinary experience a pleasure.
Environmentally Responsible Features
Banksia is committed to sustainability, thoughtfully designed to incorporate advanced energy-efficient features, including double-glazed windows and integrated heating and cooling systems. Residents can also opt for upgraded car charging facilities in the basement, allowing you to embrace a lifestyle that is both luxurious and environmentally friendly.
Unmatched Location
Banksias enviable position offers residents a lifestyle filled with convenience and leisure. Situated just a short drive from Southland Shopping Centre and a short walk to Cheltenham train station, you'll have all your shopping and commuting needs at your fingertips. Additionally, live on the border of Beaumaris, providing easy access to stunning bayside beaches perfect for relaxation and recreation. The thriving Mentone Lifesaving Club is just a short drive away, ensuring your active lifestyle is complemented by proximity to water sports and social events.
Golf lovers will delight in the prime location, with notable courses such as Royal Melbourne Golf Club, Victoria Golf Club, and Sandringham Golf Club just moments away, offering some of the finest golfing experiences in the region.
Through a collaborative approach involving Shenfield Property, Brayshaw Architects, and interior designer Aldona Padjak, Banksia delivers an unparalleled level of urban living, seamlessly integrated with its beautiful surroundings. With over 20 years of industry leadership, Shenfield Property has successfully developed numerous boutique, energy-efficient residential and commercial projects, consistently prioritising quality and sustainability. Embrace the perfect blend of luxury, comfort, and eco-friendly living at Banksiayour dream apartment is waiting for you!
We invite you to experience the Banksia display located at 216 Charman Road, Cheltenham. Join us for an open viewing as advertised, or book a private appointment. For further information or to arrange your visit, please contact David Lamond at 0416 422 279.
Listing description written by David Lamond, Noorden — reproduced as published, not verified by Districts.