912/6 Railway Road, Cheltenham VIC 3192
912/6 Railway Road, Cheltenham VIC 3192
High-floor apartment in a lift-served building | likely bay views from the balcony | compact 1–2 bed configuration with one car space | flood overlay noted on the lot | strong rental turnover in the complex
This property sits in a modern, amenity-rich building that stands out from Cheltenham’s broader mix of houses and older units. The lift access, secure entry, and shared podium garden with BBQ and outdoor cinema give it a resort-like feel that appeals strongly to downsizers and professionals wanting low-maintenance living near the station, Southland, and the beach. The higher-floor position likely captures sweeping bay views, a genuine rarity in this price range and a feature that tends to hold value well. It serves best as a lock-and-leave home or a solid rental proposition, given the building’s consistent turnover and demand from tenants seeking convenience.
The flood overlay on the lot is the main constraint to weigh, as it may affect insurance costs and could temper capital growth compared to unaffected properties. The building’s age and the variety of unit sizes within the complex mean the market is competitive, with many similar apartments available, which might limit sharp price appreciation. The one car space is standard but could feel tight for a household with two vehicles, and the compact layout typical of this stock may not suit families. Buyers should also consider that the building’s high turnover suggests a transient community, which may impact the feel of the common areas over time.
|| Comparable Sales: 808/6 Railway Road sold at $457,000; 707/6 Railway Road sold at $535,000 | Property Price Band: $400,000–$500,000 | Value Drivers: bay views, floor level, building amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 912/6 Railway Road, Cheltenham VIC 3192
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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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: 808/6 Railway Road sold at $457,000; 707/6 Railway Road sold at $535,000 | Property Price Band: $400,000–$500,000 | Value Drivers: bay views, floor level, building amenities
Bedrooms
2
Bathroom
1
Parking
1
Land
1585m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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