113/30 Garfield Street, Cheltenham VIC 3192

113/30 Garfield Street, Cheltenham VIC 3192
2-bedroom unit, Cheltenham | Level 1 with parking | Near Charman Road and Westfield | Open plan with premium finishes This propertyโ€™s competitive edge lies in its rare combination of a two-bedroom, two-bathroom layout with a single car space in a sought-after Cheltenham pocket, steps from Charman Road and Westfield Southland. The open interior spaces and premium finishes position it as a strong contender for first-time buyers seeking low-maintenance modern living in a high-demand corridor. Its level 1 location in a multi-unit complex offers a balance of privacy and accessibility, making it a practical entry point into a well-connected market. The primary risk is the price guide, which sits above the estimated value of $668,000, potentially overpricing the unit for its segment. Buyers should scrutinise recent comparable sales in the complex to gauge true market support. The opportunity is in the locationโ€™s enduring appeal to owner-occupiers, which supports stable demand. Hold this property as a long-term residence to capitalise on lifestyle-driven value growth.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 113/30 Garfield Street, Cheltenham VIC 3192
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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

2

Bathroom

2

Parking

1

Land

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