20 Elliott Street, Cheltenham VIC 3192
20 Elliott Street, Cheltenham VIC 3192
Golden Triangle house | Beautifully presented | Versatile family floor plan | Last sold 2019 | Family-focused pocket
This property is located within Cheltenham’s Golden Triangle, an established pocket known for its family-friendly character and convenient access to bayside amenities. The house is described as beautifully presented with a versatile floor plan, which places it well for buyers seeking a move-in ready home. Its 2019 sale history is seen as a marker of ownership that has likely benefited from the suburb’s steady price growth. The property is expected to appeal most to owner-occupiers, particularly families and downsizers who value a peaceful yet well-connected streetscape. Presentation, layout flexibility, and a sought-after address are the factors that give this house its competitive position.
The property’s ultimate value may be determined by its land size and by how the floor plan translates to everyday family living. Buyer interest might also be shaped by the condition of the kitchen and bathrooms relative to current expectations. Price resilience may be supported by limited turnover in the pocket, though any premium would depend on how the property compares with other family houses on similar allotments.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Elliott Street, Cheltenham VIC 3192
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Cheltenham sits as a bayside market where the median house price is roughly $1.3 million, with annual growth ranging from 0.9% to 7.5% across sources — a wide spread pointing to cooling momentum after a strong run. Units trade between $635,000 and $697,500, with growth between -2.3% and 4.6%, reflecting mixed conditions. Demand is driven by proximity to beaches, shopping and public transport, plus a robust auction clearance rate of 87.6%, indicating solid buyer competition. Volumes vary widely, from 102 to 344 house sales, so activity levels are uneven. Rental demand supports the market: house rents average around $730–$750 weekly and have grown 4.2% annually, while unit rents rose 3.8%. Gross yields for houses sit at 3.15%–4.2% and units at 4.4%–4.52%, suggesting steady investor interest. Future growth drivers include the suburb’s established lifestyle appeal and consistent rental absorption. The key constraints are affordability at $1.3 million for entry buyers, inconsistent sales volumes, and potential rate sensitivity given investor participation.
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PropCred Estimated Value
Comparable Sales: 1 Selwood Retreat (3-bed house, high $900s) and 20 Jellicoe Street (3-bed house, low $1.3M) | Property Price Band: $1.2M-$1.3M | Value Drivers: Presentation, flexible layout, Golden Triangle pocket
Bedrooms
4
Bathroom
2
Parking
2
Land
596m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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