2/11 Olympic Avenue, Cheltenham VIC 3192
2/11 Olympic Avenue, Cheltenham VIC 3192
Rear position, private precinct | four-bedroom townhouse, low-maintenance | north-west deck with built-in BBQ | Cheltenham station, golf course nearby.
The property’s rear position within a tightly held precinct provides a rare privacy advantage, reducing street noise and enhancing security—a competitive edge for families or downsizers. The open-plan living with gas log fireplace and stone kitchen with Miele appliances supports seamless entertaining, while the covered north-west deck with built-in BBQ extends usable space without land upkeep. The ground-floor flexible bedroom suits multi-generational living or a home office, and the double garage with internal access adds convenience. This townhouse best serves buyers seeking lock-and-leave living in a Bayside pocket with strong owner-occupier character and low turnover, which supports stable value retention.
The 291m² lot and 171m² floor area limit expansion potential, and the absence of recent street sales increases valuation uncertainty—reliance on off-market comparisons for adjacent properties introduces risk. The 8-day market time suggests limited exposure; buyers should verify if price expectations align with current demand. The NBN and 5G coverage are functional but not decisive. Opportunity lies in the low-maintenance configuration and proximity to Cheltenham station and golf courses, which appeal to professionals or retirees. Hold as a primary residence to capitalise on the precinct’s privacy and Bayside lifestyle demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/11 Olympic Avenue, Cheltenham VIC 3192
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Cheltenham presents as a well-established bayside suburb with solid fundamentals, driven by its proximity to beaches, shopping, and transport links. Demand is diverse, supported by healthy rental growth and strong auction clearance rates, indicating sustained interest from both owner-occupiers and investors. Recent price trends for houses show moderate growth, while the unit market is more varied. Key future drivers include its enduring locational appeal, though high house prices present an affordability constraint, and sales volume trends suggest a measured market tempo.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
291m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!