2/39 Regent Parade, Cheltenham VIC 3192
2/39 Regent Parade, Cheltenham VIC 3192
2-bedroom, 1-bathroom unit/townhouse on a 455m² lot with 2 car spaces, built in 1960 and fully renovated. Internal area is 79m². This is a single-level or ground-floor dwelling in a low-rise Cheltenham setting.
What is competitively strong here is the rare combination of a fully renovated interior on a genuinely large lot for a unit. Most two-bedroom units in Cheltenham offer far less land and require updating. This property provides turnkey living with modern finishes while retaining the generous outdoor space typical of older townhouse clusters. It sits above average for its type, serving buyers who want a low-maintenance home without sacrificing a proper garden or parking. Retirees, small families, or investors seeking a premium, ready-to-occupy unit in an established area will find this a standout option.
The value of this property may be influenced by the original 1960s external structure, which could involve older materials or less efficient insulation despite the internal renovation. The large lot, while an advantage, might also be shared with the adjacent unit, so the exact boundaries and ownership of the land should be confirmed. A buyer forming a view on price should weigh the quality of the renovation against the age of the building shell and consider whether the lot size offers future potential for subdivision or extension, which could add value beyond the current configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/39 Regent Parade, Cheltenham VIC 3192
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
455m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!