22 Railway Terrace, Cheltenham, SA 5014 | House for sale | OnTheHouse
 
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22 Railway Terrace
Cheltenham SA 5014

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 1288m2
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CHARACTER, SPACE & EXCITING FUTURE POTENTIAL

Some properties offer more than just a place to call home - they offer flexibility, opportunity and the potential to create something truly special. Since its construction in 1966, 22 Railway Terrace presents a rare opportunity to secure a character-filled home on an expansive allotment, complete with additional self-contained granny-flat and exciting possibilities for the future.
Set on a substantial allotment of approximately 1,288m², this versatile property offers a unique combination of comfortable living, potential dual-income opportunities and future development potential (STCC), making it an appealing prospect for homeowners, investors and developers alike.
The main residence features three bedrooms, a central bathroom, and an enclosed verandah, providing generous space for everyday living. A separate rumpus room adds further flexibility, whether used as a second living area, children's retreat, home office or space to entertain family and friends. The property also features multiple sheds, providing ample storage, workshop space or room for hobbies, tools and equipment, and car storage, adding further practicality and versatility to this already appealing offering.
Adding significant value to the property's versatility is a self-contained granny flat at the rear, complete with its own kitchen and bathroom. Ideal for extended family, independent living for older children or accommodating guests, this additional dwelling also presents the opportunity to establish a separate tenancy and generate supplementary rental income. For investors seeking to maximise the potential of their assets, the existing dual-accommodation setup offers an attractive opportunity to explore additional income streams.
Throughout the home, original features reflect the charm and character of its era. Lovingly cared for over the decades, the residence offers the opportunity to move straight in and enjoy its existing comforts or gradually renovate and modernise to suit your own style while retaining its timeless appeal.
A LARGE ALLOTMENT WITH OPTIONS FOR THE FUTURE
Beyond the existing accommodation, the property's substantial landholding opens the door to exciting possibilities. Whether you're looking to secure a long-term investment, explore future redevelopment or investigate potential subdivision opportunities, the generous allotment provides a compelling foundation for your plans.
With its sizeable land area and versatile existing improvements, this is a property that invites buyers to think beyond the present and consider what the future could hold. Developers and astute investors are encouraged to investigate the site's potential, with any redevelopment, subdivision or additional dwelling opportunities subject to the necessary council approvals, planning requirements and conditions (STCC).
The opportunity to combine an established residence, a separate granny flat and a substantial parcel of land makes this an offering with multiple possibilities - whether your vision is to generate rental income, renovate and add value, accommodate extended family or explore the site's longer-term development prospects.
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Property Details for 22 Railway Tce, Cheltenham

22 Railway Tce, Cheltenham is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1288m2. The place is currently for sale with VARO PROPERTY SERVICES.

Building Type
House
Land Size
1288m2
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About Cheltenham 5014

The size of Cheltenham is approximately 1.1 square kilometres. There is 1 park, covering nearly 0.1% of the total area. The population of Cheltenham in 2016 was 2199 people. By 2021 the population was 2236 showing a population growth of 1.7% in the area during that time. The predominant age group in Cheltenham is 50-59 years. Households in Cheltenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cheltenham work in a professional occupation.In 2021, 76.80% of the homes in Cheltenham were owner-occupied compared with 74.80% in 2016.

Cheltenham has 1,099 properties. Over the last 5 years, Houses in Cheltenham have seen a 72.31% increase in median value, while Units have seen a 105.21% increase. As at 31 August 2026:

  • The median value for Houses in Cheltenham is $1,072,973 while the median value for Units is $669,407.
  • Houses have a median rent of $570 while Units have a median rent of $455.
There are currently 4 properties listed for sale, and no properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 43 properties were sold in the past 12 months in Cheltenham.

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