12 Cheeseman Avenue, Brighton East VIC 3187

Renovated Art Deco clinker brick | Heritage HO653 restricts changes | Below-median entry price in premium Brighton East | Strong rental yield potential near 3% The property presents a rare entry-level position in a premium bayside suburb, where its fully renovated Art Deco character,terrazzo porch, high ornate ceilings, leadlight windows,offers immediate liveability without further capital outlay. The 402m² landholding, while modest, achieves 67% site coverage, and the north-facing foyer and landscaped gardens add everyday amenity. This house best serves a buyer seeking heritage charm and a turnkey home in a high-demand school zone, with the suburb’s $2.2m median underscoring the pricing gap as a competitive advantage. The confirmed Heritage Overlay HO653 is the primary constraint, limiting external alterations and future redevelopment; buyers should factor this into long-term hold logic. The 2.85% rental yield and $1.36m valuation estimate suggest upside potential if acquired near the $1.1–1.2m guide, though the 11-year-old $932,000 purchase price indicates subdued capital growth relative to the suburb. Solar panels and air conditioning support holding costs. This property should be acquired as a long-term residence or rental hold, not a renovation or development play.