48 Olympic Avenue, Cheltenham, VIC 3192 | House for sale | OnTheHouse
 
FOR SALE
$2,000,000-$2,200,000 | Private Sale

48 Olympic Avenue
Cheltenham VIC 3192

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 615m2
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Luxury Family Oasis with Resort-Style Pool

Surround yourself and your family with the ultimate comfort of this spacious and modern home in a prized beach-side precinct. Just a two-minute walk to Pennydale Park and sought-after Olympic Avenue Kindergarten, this five-bedroom, two-bathroom, dual-zone home is a true family oasis.
Make yourself comfortable by the open fireplace in the formal lounge and enjoy peaceful views across the lush, landscaped garden, bring all the family together in light-filled living-dining, then step outside to a spectacular north-facing backyard designed for effortless entertaining, complete with a generous alfresco zone and sparkling swimming pool.
Designed for family harmony with a luxurious rear master suite with dual-vanity designer ensuite and a clever fifth bedroom doubling as a large home office, there is stylish space for parents to relax and entertain while kids play, swim and enjoy the beautifully landscaped surrounds.
Showcasing a state-of-the-art designer renovation, this centrally heated and cooled home features a cutting-edge kitchen with Bosch dishwasher and glass splashback, fronted by a vast waterfall-edge dining bench for the biggest family dinners. Luxuriously finished with fully-tiled bathrooms and roof-hung monsoon showers, this stylish home features deluxe touches including solid Australian hardwood floors, thick stone benchtops, airy ceiling fans and elegant plantation-style shutters.
Offering accommodation to suit the biggest family with three-car parking including a double carport, this impressive private garden sanctuary is complemented by a sparkling pool and superb outdoor entertaining. Set amidst some of Melbourne's most prestigious golf courses, with at least four courses within five minutes' drive, this is one of the Pennydale precinct's premier addresses. Just a few doors to the park and kindergarten, a walk to Southland, the revitalised station and retail precinct, and just 29 minutes by express train to the CBD, this exceptional family oasis delivers resort-style living in an unbeatable location.
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*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
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Property Details for 48 Olympic Ave, Cheltenham

48 Olympic Ave, Cheltenham is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 615m2. The place is currently for sale with Ray White Cheltenham.

Building Type
House
Land Size
615m2
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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 15,228 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 59 properties listed for sale, and 38 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 595 properties were sold in the past 12 months in Cheltenham.

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Angela Limanis
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Ella Mignone
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Ray White Cheltenham
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