123 Thames Promenade, Chelsea VIC 3196

Direct Bicentennial Park frontage | single-level brick veneer | 534sqm block | four-car parking | Chelsea bayside position The property’s strongest buying case rests on its permanent park outlook and the scarcity of single-level brick veneer homes on a 534sqm block within Chelsea’s bayside corridor. This configuration suits downsizers seeking a lock-and-leave footprint with generous parking, or a family who values immediate green space access over a larger interior. The four-car capacity is a functional rarity that supports boat, caravan, or multiple-vehicle households without compromising the garden. For a buyer prioritising location efficiency and low-maintenance living, this property offers a defensible position against future supply constraints in the area. The principal risk is the dated interior and single-bathroom layout, which will limit appeal to owner-occupiers seeking move-in readiness and may compress the buyer pool at the upper end of the value range. Renovation costs for a second bathroom or layout reconfiguration should be factored into the acquisition price, as the current configuration does not command a premium. The FTTP connection adds modest utility but does not shift value. A buyer should hold this property for its land and position, not the dwelling, and treat any cosmetic upgrade as optional rather than essential for capital preservation.