1 Maiya Court, Cheltenham VIC 3192
1 Maiya Court, Cheltenham VIC 3192
This single-level house sits on a 554m² block with three bedrooms, two bathrooms, and parking for two cars. Built in 1986, it has been fully updated and includes a swimming pool and low-maintenance gardens. The property occupies a quiet cul-de-sac in a tightly held Bayside court.
What is competitively strong here is the combination of a single-level layout with a pool and a generous 245m² building footprint, which is rare for a three-bedroom house in this part of Cheltenham. The property sits in a family-friendly cul-de-sac with good school zoning and no overlay constraints, making it a straightforward option for buyers seeking low-maintenance living without compromising on space. It is best suited for families or downsizers who want a move-in-ready home with outdoor amenity and privacy, in a street where long-term residents dominate and turnover is low.
The value of this property may be influenced by its 1986 construction year, which, while updated, could still present underlying maintenance needs that a newer build would not. The pool, though a draw for some buyers, may also be seen as an ongoing cost or liability, particularly for those not seeking that feature. The estimated rental yield sits around 3.18%, which is moderate and might affect an investor’s view of the price. Buyers should weigh the convenience of a single-level home against the potential for future renovation or replacement costs that could arise from the property’s age and building coverage of 44%.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Maiya Court, Cheltenham VIC 3192
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
554m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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