1/271 Bay Road Cheltenham VIC 3192
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High Return, Great Exposure & Newly Fitted Ground Floor Office!
Property Details for 1/271 Bay Rd, Cheltenham
About Cheltenham 3192
The size of Cheltenham is approximately 10.6 square kilometres. It has 26 parks covering nearly 19.1% of total area. The population of Cheltenham in 2016 was 22291 people. By 2021 the population was 23992 showing a population growth of 7.6% in the area during that time. The predominant age group in Cheltenham is 30-39 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, 70.00% of the homes in Cheltenham were owner-occupied compared with 71.00% in 2016.
Cheltenham has 15,150 properties. Over the last 5 years, Houses in Cheltenham have seen a 30.75% increase in median value, while Units have seen a 18.23% increase. As at 31 October 2025:
- The median value for Houses in Cheltenham is $1,277,714 while the median value for Units is $709,348.
- Houses have a median rent of $720 while Units have a median rent of $550.
Suburb Insights for Cheltenham 3192
Market Insights
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Neighbourhood Insights
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