33 Edward Street, Cheltenham VIC 3192
33 Edward Street, Cheltenham VIC 3192
A 3 bedroom, 1 bathroom single storey brick house on 655 square metres with 2 car spaces. It is zoned for Cheltenham Primary and Mentone Girls Secondary College. No bushfire, flood, or heritage overlays have been identified. The land is gently sloping at 30 metres elevation and the building footprint is recorded at 201 square metres.
The brick construction and flat lot are considered durable and low maintenance, which suits a family home. The 2 car spaces, expanded from a single garage, offer practical convenience over older housing stock. The property was described as light filled, and it falls within a sought after public school catchment. Within Cheltenham this house occupies a standard mid century configuration on a typical lot, positioning it as a solid entry point for families or investors seeking established amenity. It serves best those who value a straightforward, low risk residence in a mature suburban setting.
The single bathroom might limit appeal for some buyers expecting modern ensuite provision. The building’s age could imply a need for future updates, though no structural or overlay concerns have been flagged. The lot size should be weighed against any desire for subdivision, as it may not easily accommodate such plans without council endorsement. Rental return, while steady, may not match high density alternatives. These factors are best considered when forming a view on pricing.
Detailed Independent Property Report prepared by PropCred Analyst team for 33 Edward Street, Cheltenham VIC 3192
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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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
3
Bathroom
1
Parking
2
Land
655m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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