32 Devon Street, Cheltenham VIC 3192
32 Devon Street, Cheltenham VIC 3192
This is a single-level, four-bedroom house on 642 square metres with two bathrooms and a double garage. The north-facing frontage, 283 square metre building size, and 44% site coverage are key configuration details.
What is competitively strong about this property is its north-facing frontage and substantial 283 square metre building size, which is uncommon for a single-level house in this established suburb. The four-bedroom configuration serves families who need dedicated rooms for children or a home office, and the fully fenced yard with a garden shed adds practical appeal. The absence of bushfire, flood, or heritage overlays simplifies ownership. This house is best suited to a family seeking a move-in ready home in a residential zone with reliable connectivity and proximity to zoned schools. Its positioning within the suburb is as a solid, conventional family home that offers space and orientation advantages over typical three-bedroom stock.
Factors that may materially affect the value or sale price include the property’s age, as it was last sold in 1998 and likely reflects pre-2000 construction standards, which might require updates to kitchens or bathrooms. The single-level layout may limit flexibility compared to newer two-storey designs. The rental yield is moderate, so an investor might weigh this against capital growth potential. Buyers should also consider that the land size is consistent with local lots, so the value is more in the house itself than the land alone. The competitive pricing relative to estimated value may indicate a realistic entry point, but the lack of recent sales data for this specific address means the final price will depend on buyer demand at the time of negotiation.
Detailed Independent Property Report prepared by PropCred Analyst team for 32 Devon Street, Cheltenham VIC 3192
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
642m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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