2/295 Bay Road, Cheltenham VIC 3192

Quiet rear position in boutique three-pack | north-facing deck and terrace for year-round entertaining | long-term owner-occupied block with 75% held over a decade | walk to Highett Village and Southland. This townhouse offers a rare combination of privacy and light rarely found in a two-bedroom unit. Being the rear dwelling in a small block of three, with high surrounding walls and a long driveway, it removes the usual compromises of shared-wall living. The ground floor’s stacking glass doors open fully to a covered deck and enclosed terrace, effectively extending the living space outdoors , a feature that competes with standalone houses in feel. For a buyer seeking low-maintenance living without sacrificing entertaining space, this property provides a genuine edge over newer apartment stock. It suits downsizers, professionals, or investors targeting stable long-term occupancy, given the building’s ownership profile shows minimal turnover. The single bathroom and one-carport configuration are the most obvious constraints, potentially limiting appeal for families or those requiring guest parking. The 2022 sale at $833k provides a clear benchmark, and the current guide implies modest growth over three years , reasonable but not exceptional for Cheltenham. The absence of recent sales in the building means the price discovery is untested, so a buyer should verify comparable quality in nearby boutique blocks rather than rely solely on broader unit medians. On the opportunity side, the long driveway and rear position could allow for future landscaping or a small studio addition, subject to council approval. This property is best held as a solid, low-hassle residence or rented to a tenant who values space and quiet over proximity to a train station.