9 Bayliss Court, Cheltenham VIC 3192

West-facing established gardens | c1954 character | renovated to 4 beds 2 baths | 599sqm court location | strong school catchment appeal The property’s primary competitive advantage is its combination of a quiet court position with a substantial 599sqm block, which is increasingly rare in Cheltenham’s family market. The renovation from 3 to 4 bedrooms and 1 to 2 bathrooms directly addresses the most common buyer requirement for this price point, making it immediately functional rather than requiring further work. The west-facing established gardens and high owner-occupancy street profile (95%) signal a stable, desirable neighbourhood that typically holds value well. This property best suits a family prioritising school proximity and a settled community environment. The most significant risk is the price guide’s disconnect from recent comparable sales and automated valuations, which suggest the market may not yet support the $2M+ ask despite renovations. The one-year listing history without a sale implies previous pricing was too ambitious, and buyers should treat the current guide with caution. The opportunity lies in the property’s scarcity,renovated family homes on court locations with school catchments rarely become available. Commercial logic suggests bidding should be disciplined, anchored to the 2019 purchase price plus renovation costs, not aspirational market projections. Hold this property as a long-term family home where school zoning and block size will drive steady appreciation.