57 & 59 Centre Dandenong Rd, Cheltenham, VIC 3192 | House for sale | OnTheHouse
 
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57 & 59 Centre Dandenong Road
Cheltenham VIC 3192

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Land area: 1730m2
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Unrivalled Development Opportunity in Blue-Chip Cheltenham

57 & 59 Centre Dandenong Road, Cheltenham
Total Land Size: 1,730sqm (approx.)
A truly rare offering in a prised bayside pocket, this dual-title property presents an incredible opportunity for developers, investors, or land-bankers seeking scale, position, and strong income potential with scope for future development (Subject to Council Approval).
Sitting across a commanding 1,730sqm (approx.), this double block comprises:
57 Centre Dandenong Road – Already subdivided and income-generating:
Four quality brick units:
(NO BODY CORP)
Three x 2 bed, 1 bath
One x 3 bed, 1 bath
All units include individual carport parking
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Property Details for 57 & 59 Centre Dandenong Rd, Cheltenham

57 & 59 Centre Dandenong Rd, Cheltenham is a 3 bedroom, 2 bathroom House. The property has a land size of 1730m2. The place is currently for sale with MAK REALTY.

Building Type
House
Land Size
1730m2
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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 15,148 properties. Over the last 5 years, Houses in Cheltenham have seen a 31.93% increase in median value, while Units have seen a 18.05% increase. As at 30 November 2025:

  • The median value for Houses in Cheltenham is $1,306,671 while the median value for Units is $724,622.
  • Houses have a median rent of $725 while Units have a median rent of $550.
There are currently 49 properties listed for sale, and 24 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 659 properties were sold in the past 12 months in Cheltenham.

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Omar Sirianni
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Claude Makdesi
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MAK REALTY
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