1 Third Avenue, Chelsea Heights VIC 3196

1 Third Avenue, Chelsea Heights VIC 3196
3 bed house on 650m² lot | 37% site coverage leaves expansion scope | Zoned residential, no overlays | Pool adds family utility|This three-bedroom house on a 650sqm block suits families or first-home buyers seeking established residential living with outdoor space. The modest 241sqm building footprint occupies just 37% of the lot, providing ample room for extensions or garden enhancements without development constraints. Its residential zoning in Kingston council, free of bushfire, flood or heritage overlays, supports straightforward future modifications. Positioned on a quiet avenue, it aligns with the street’s typical housing stock, appealing to buyers who value low-maintenance holdings over larger rebuilds. Families drawn to similar properties here prioritise the inground pool and fully fenced yard for child-friendly living, alongside proximity to Chelsea Heights Primary and Patterson River Secondary. In the local market, these mid-sized blocks with original single-bathroom homes hold steady appeal among downsizers and young families, often trading briskly due to land value rather than structure. The generous lot size underpins long-term holding potential, as Chelsea Heights demand for family-oriented parcels continues amid regional growth. Reliable NBN and 5G coverage further bolsters its everyday practicality. Overall, it positions as a solid entry or renovation prospect in a stable neighbourhood context.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1 Third Avenue, Chelsea Heights VIC 3196
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk 2
Income Risk
Execution Risk
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Insight: Chelsea Heights VIC 3196

Chelsea Heights attracts families seeking affordable housing along Melbourne’s bayside corridor. Housing demand is driven by proximity to beaches and lifestyle amenities. Property prices have risen steadily as neighbouring suburbs gentrify. Continued redevelopment supports long-term value growth.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

650m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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