104/9 Chesterville Road Cheltenham VIC 3192

Level 1 apartment | walk-to-station position | two-bedroom floorplan | Cheltenham zoning This apartment occupies a defensible position in Cheltenham’s apartment market: a genuine two-bedroom layout on level one avoids ground-floor noise while remaining accessible, and the inclusion of both a car space and a separate garage is uncommon in this price tier. The open-plan living with balcony and the absence of bushfire, flood, or heritage overlays reduce holding risk and improve resale appeal. It suits first-home buyers seeking a foothold in a well-zoned school catchment, or an investor targeting the stable rental demand near public transport and retail. The asking range sits below recent value estimates, suggesting a potential entry point if condition and strata records support the price. The principal risk is the 2013 last sale date, leaving a gap in transaction evidence that may mask deferred maintenance or soft strata finances. A qualified building and strata inspection is non-negotiable. The 6-day market time is neutral but warrants scrutiny of vendor motivation. Opportunity lies in negotiating toward the lower end of the range, where the gap to estimated value provides immediate equity. Hold this property as a long-term residential investment or owner-occupied base; its zoning and transport access support steady capital growth without reliance on short-term flipping.