9A Churchill Avenue, Cheltenham VIC 3192
9A Churchill Avenue, Cheltenham VIC 3192
Compact 3-bed townhouse | Pennydale Village pocket | 312m² low-maintenance land | zoned to Cheltenham schools | parkside setting
This townhouse offers a genuinely practical configuration for a specific kind of buyer—those who want the Cheltenham lifestyle without the upkeep of a larger block. The 312m² land component is modest by street standards, but that translates into a lock-and-leave proposition that suits downsizers, young families, and professionals who value time over gardening. The parkside positioning within Pennydale Village adds a lifestyle dimension that many comparable townhouse products lack, and the zoning to Cheltenham Primary and Secondary College strengthens its appeal for families planning ahead. It sits comfortably below the price point of the larger detached houses nearby, which makes it a sensible entry into a tightly held pocket.
The value picture here is shaped by the trade-off between land size and condition. The contemporary finish and low-maintenance format may command a premium from the right buyer, but the smaller footprint could limit long-term capital growth compared to the larger blocks on the same street. The absence of heritage or flood overlays reduces regulatory risk, while the 5G coverage and established infrastructure add practical convenience. Buyers should weigh whether the modern presentation offsets the land constraint, and how the rental yield potential of around 3.4% aligns with their investment objectives.
|| Comparable Sales: 27 Churchill Ave sold $1.38M | 23 Churchill Ave sold $1.21M | Property Price Band: $1.3M–$1.4M | Value Drivers: modern condition, land size, school zoning, parkside location
Detailed Independent Property Report prepared by PropCred Analyst team for 9A Churchill Avenue, Cheltenham VIC 3192
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
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: 27 Churchill Ave sold $1.38M | 23 Churchill Ave sold $1.21M | Property Price Band: $1.3M–$1.4M | Value Drivers: modern condition, land size, school zoning, parkside location
Bedrooms
3
Bathroom
2
Parking
2
Land
312m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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