1/39 Regent Parade, Cheltenham VIC 3192

Single-level unit | two car spaces | private block of two | rare outdoor space in Cheltenham This unit offers a competitive advantage through its single-level layout and generous outdoor space, which are uncommon in this price bracket for Cheltenham. The configuration serves downsizers and first-home buyers who prioritise low-maintenance living without sacrificing private garden area. Being one of only two homes on the block reduces density and improves privacy, strengthening buyer appeal and resale position. The 406 square metre land component, though modest, is larger than typical for a unit and provides genuine lifestyle utility. The land size discrepancy introduces a valuation risk; the smaller figure may limit future development potential and should be confirmed with title documents. The property is marketed as an off-market opportunity, which can reduce competition but may also indicate less urgency from the vendor. For a buyer, this creates room for negotiation but requires careful comparable analysis to avoid overpaying. Hold this property as a long-term owner-occupied home or low-maintenance investment, with rental demand supported by its location and configuration.