1/39A Olympic Avenue, Cheltenham, VIC 3192 | Townhouse for sale | OnTheHouse
 
FOR SALE
$1,000,000-$1,100,000 | Private SaleView Property Price Statement

1/39A Olympic Avenue
Cheltenham VIC 3192

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 136m2
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Contemporary Edge. Effortless Living.

Some homes get the balance right. Style, space and simplicity, all in one.
Architecturally striking and beautifully resolved, this sophisticated two-bedroom residence brings contemporary design and effortless indoor-outdoor living together in a way that feels both elevated and inviting. With two private ensuites, a versatile upstairs retreat, an entertainer's deck and no body corporate, it offers a compelling combination of lifestyle, comfort and independence.
A striking facade showcases clean architectural lines and a combination of rendered finishes and external Hebel cladding, creating a contemporary street presence. Inside, engineered timber flooring, floor-to-ceiling sheer curtains and considered lighting establish an immediate sense of understated sophistication.
The ground floor opens into a generous kitchen, dining and living domain, where expansive glazing draws natural light inside and connects seamlessly with the outdoors. Soaring 3-metre ceilings enhance the sense of space, while discreet air-conditioning grilles and clean-lined downlights reinforce the home's refined aesthetic. The open-plan design makes everyday living and entertaining feel effortless.
At the heart of it all, the kitchen pairs statement finishes with genuine functionality. Stone benchtops, a combination of stone and glass splashbacks, warm timber cabinetry and subtle LED lighting create a beautifully layered space. A generous breakfast bar invites casual meals and conversation, complemented by a gas cooktop, dishwasher, double sink and dedicated refrigerator space.
Outside, the timber deck becomes a natural extension of the living area. Framed by an overhead arbour and overlooking a low-maintenance garden, it's a setting made for long lunches, evening drinks and relaxed weekends. An adjoining lawn adds welcome greenery, with space for children or pets to enjoy, while an irrigation system helps keep the backyard looking its best with less effort.
Upstairs, 2.7-metre ceilings continue the sense of space, while two generous bedrooms each enjoy the luxury of their own ensuite, offering privacy and flexibility for couples, guests or shared living.
The main suite delivers a considered sense of retreat, complete with a spacious walk-in robe and beautifully appointed ensuite. Floor-to-ceiling tiles frame a freestanding bath, while a floating double vanity with stone benchtop, black-framed glass shower and rainfall and handheld showerheads bring a boutique-hotel feel to everyday routines.
The second bedroom is equally well finished, with a built-in robe and its own contemporary ensuite featuring floor-to-ceiling tiling, a floating vanity with integrated storage and a black-framed shower with rainfall showerhead.
Between the bedrooms, a versatile upstairs retreat creates valuable additional space, ideal as a home office, reading lounge or private sitting area. Walk-in linen storage adds another thoughtful layer of practicality.
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Property Details for 1/39a Olympic Ave, Cheltenham

1/39a Olympic Ave, Cheltenham is a 2 bedroom, 2 bathroom Townhouse with 1 parking spaces. The property has a land size of 136m2. The place is currently for sale with Ray White Cheltenham.

Building Type
Townhouse
Land Size
136m2
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About Cheltenham 3192

The size of Cheltenham is approximately 10.6 square kilometres. There are 26 parks, covering nearly 19.1% of the 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 15,233 properties. Over the last 5 years, Houses in Cheltenham have seen a -9.31% decrease in median value, while Units have seen a 1.46% increase. As at 31 August 2026:

  • The median value for Houses in Cheltenham is $1,173,644 while the median value for Units is $707,971.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 62 properties listed for sale, and 37 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 587 properties were sold in the past 12 months in Cheltenham.

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Kevin Chokshi
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Rodny Garrido
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Ray White Cheltenham
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