2/2 Bellevue Road, Cheltenham VIC 3192

2-bed,2-bath unit | 90sqm internal | near Southland | strong yield around 5.6% | no heritage/flood overlays This unit is competitively positioned in Cheltenham through its larger-than-standard 90sqm internal area and dual bathrooms, which give it an edge over typical investor-focused two-bedroom apartments. It is situated moments from Westfield Southland and the railway station, making it well-suited for downsizers, professionals, or small households who prioritise convenience and lower-maintenance living. The contemporary interiors, built-in robes, and split-system climate control in both the living area and main bedroom add genuine liveability, while the absence of bushfire, flood, or heritage overlays in planning records removes common due diligence concerns. The property is best matched to owner-occupiers seeking a spacious, amenity-rich apartment or investors targeting steady rental demand around a major retail and transport node. The value of this unit may be influenced by its lack of confirmed aspect, floor level, and building age, which are details a buyer should verify before forming a final view on price. The current rental estimate of $645–$655 per week implies a gross yield around 5.6%, which is a solid signal for income-focused buyers, but this should be cross-checked against actual local leasing evidence. The last recorded sale of $595,000 about two years ago provides a reference point, though market conditions have shifted since then. The property’s absence of disclosed outdoor space or storage could be a minor negotiating factor, particularly for buyers comparing it against newer or more fully specified stock.