3/104 Bernard Street, Cheltenham VIC 3192

Small boutique complex | rear privacy position | two-level separation | master retreat with ensuite The property’s positioning at the rear of a four-townhouse complex offers a rare privacy advantage in Cheltenham, where attached housing often shares common walls and sightlines. The two-level floorplan is considered a structural strength, as it cleanly separates the master retreat from the secondary bedrooms, making the unit suitable for owner-occupiers who value quiet and for downsizers seeking single-level living upstairs. The low-maintenance design and secure entrance reduce ongoing holding costs, and the inclusion of two car spaces is a practical edge in a suburb where on-street parking is increasingly constrained. The boutique nature of the complex,only four units,limits the risk of future development noise and keeps body corporate fees manageable, which is a subtle but meaningful advantage for a buyer comparing it against larger blocks. The main risk is that the property sits on a busy road corridor, which may affect resale appeal for buyers sensitive to traffic noise, despite the rear setback. The 2017 last sale date means the current guide reflects recent market movement, but without a recent sale in the complex itself, the buyer carries some valuation uncertainty. The opportunity lies in the auction format: if bidding is thin, a pre-auction offer at the lower end of the guide could secure it below comparable townhouses in quieter side streets. For a buyer intending to hold, the property works best as a low-maintenance home or a lock-and-leave base, with the two-car garage adding flexibility for storage or a small workshop.