306/9 Chesterville Road, Cheltenham VIC 3192

1-bed apartment | Cheltenham | Southland adjacency | secure parking | modern fit-out This property offers a rare combination of modern specification and immediate proximity to a major retail and transport hub. The open-plan layout with split-system climate control and a private balcony gives it a liveable edge over older stock in the area. For a professional or investor seeking low-maintenance accommodation, the secure entry, lift access, and dedicated parking reduce daily friction. The location within 100 metres of Southland Shopping Centre and walking distance to Cheltenham Station creates a convenience profile that typically supports consistent rental demand and resale interest from similar buyers. The primary risk is the estimated value sitting around $310,000, which may signal that the price guide is aspirational relative to recent comparable sales. The small land component and strata title limit capital growth potential compared to houses in the area. However, the 5.2% rental yield and 24-day days on market suggest reasonable liquidity for an investor exit. The 1,089 m² land size is for the whole complex, not the unit, so buyers should verify body corporate fees and any special levies before proceeding.