10 Shipston Road, Cheltenham VIC 3192
10 Shipston Road, Cheltenham VIC 3192
A three-bedroom, two-bathroom single-level home built in 2002, with three toilets and built-in robes in all bedrooms. It offers four parking spaces-two secure plus a double carport-alongside a workshop and shed. The 278-square-metre floorplan sits on a 594-square-metre lot and includes ducted heating, air conditioning, an open fireplace, dishwasher, deck, gym, and rumpus room. The property is fully fenced, has NBN and 5G coverage, and sits within the sought-after Golden Triangle precinct, zoned for Cheltenham East Primary and Mentone Girls Secondary College. A flood overlay applies, but no bushfire or heritage constraints.
This house is competitively strong because of its rare combination of substantial internal space, generous lot size, and above-average parking for a single-storey home in the Golden Triangle. The inclusion of a gym, rumpus room, and deck lifts it above typical three-bedroom stock, making it particularly suited to families who want room to grow and entertain without moving to a larger block. Its location within top school catchments and near parklands gives it enduring demand from buyers prioritising education and lifestyle. Within the suburb, this property holds an edge for those who value functional floor space and secure parking-two features that are increasingly sought after in this established, low-density neighbourhood.
The flood overlay may require a brief due-diligence check on insurance costs and any council-imposed building restrictions, though it is not uncommon in parts of Cheltenham and need not deter a buyer who understands the risk profile. The 2002 build is now more than twenty years old, so some ongoing maintenance-especially to mechanical systems and roofing-might be anticipated. No recent development or rezoning activity is recorded nearby, which points to a stable environment. The higher-than-typical land-to-building ratio could offer future renovation or extension potential, a factor worth weighing when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Shipston Road, Cheltenham VIC 3192
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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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
594m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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