7A Alice Street, Cheltenham VIC 3192
7A Alice Street, Cheltenham VIC 3192
Compact 4-bed townhouse on 302m² | Infill pocket with modern builds | Family and investor demand | Off-market profile with limited public record | Strong school and retail access
This property competes well in Cheltenham’s medium-density market, where newer townhouses are scarce relative to older detached housing. The four-bedroom, three-bathroom configuration on a manageable 302m² land area suits families wanting space without high maintenance, and downsizers seeking a house-like layout. Its position within a street that has seen recent redevelopment signals a micro-pocket transitioning toward contemporary infill, which supports long-term appeal. The zoning for Mentone Park Primary and Parkdale Secondary, combined with proximity to Southland and public transport, strengthens its desirability for owner-occupiers and investors alike.
The property’s value may be influenced by its exact internal finishes and aspect, which are not publicly detailed, and by comparison with the adjoining townhouse’s premium fitout. The land size, while compact, aligns with modern infill expectations, but the absence of a confirmed build date could matter for depreciation or renovation planning. Buyer interest might hinge on how the single car space compares to competitors offering two, potentially narrowing appeal for some households. Rental yield in the segment appears modest, so capital growth expectations should be tempered by realistic market conditions.
Detailed Independent Property Report prepared by PropCred Analyst team for 7A Alice Street, Cheltenham VIC 3192
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Cheltenham sits as a bayside market where the median house price is roughly $1.3 million, with annual growth ranging from 0.9% to 7.5% across sources — a wide spread pointing to cooling momentum after a strong run. Units trade between $635,000 and $697,500, with growth between -2.3% and 4.6%, reflecting mixed conditions. Demand is driven by proximity to beaches, shopping and public transport, plus a robust auction clearance rate of 87.6%, indicating solid buyer competition. Volumes vary widely, from 102 to 344 house sales, so activity levels are uneven. Rental demand supports the market: house rents average around $730–$750 weekly and have grown 4.2% annually, while unit rents rose 3.8%. Gross yields for houses sit at 3.15%–4.2% and units at 4.4%–4.52%, suggesting steady investor interest. Future growth drivers include the suburb’s established lifestyle appeal and consistent rental absorption. The key constraints are affordability at $1.3 million for entry buyers, inconsistent sales volumes, and potential rate sensitivity given investor participation.
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PropCred Estimated Value
Comparable Sales: 7B Alice Street sold 2026, price withheld, similar 4-bed townhouse; 7 Alice Street sold 2021 for $1,174,000 | Property Price Band: $1.4M–$1.5M | Value Drivers: Condition and finish quality, land size efficiency, layout practicality, and street-level infill momentum
Bedrooms
4
Bathroom
3
Parking
1
Land
302m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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