16 Garfield StreetCheltenham VIC 3192
Property Details for 16 Garfield St, Cheltenham
16 Garfield St, Cheltenham is a 1 bedroom, 0 bathroom House with 2 parking spaces. The property has a land size of 556m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in May 2015.
Last Listing description (June 2024)
Cleared, level and brilliantly located on the door of absolutely everything you could need - towards the cul-de-sac of the street, next to Westfield Southland where many an avid shopper flock; Southland station just 400m away, and perfect vanilla lattes awaiting nearby along Charman Road's cosmopolitan cafe strip.
A fast gentrifying precinct amongst other elite refurbished homes and new developments, this primed GRZ2-Zoned block offers a full-sized 556sqm (approx.) land parcel that's more than ready to be developed.
It goes without saying just how increasingly rare an undercapitalized find such as this becomes available in this Cheltenham pocket these days!
It's the developer's, investor's, or the new-home builder's dream-come-true - a doorway into this thriving bayside location, minus the price tag and the headache of demolition! With a wide 15.2m street frontage by 36.5m (approx) deep building canvas to play with, an array of development opportunities and options are there to explore.
Bring the kids, pace out the space for a sunny pool and give your architect the nod to start drafting up plans for your dream family home...like the fortunate families who have already built at this family-wise address. Alternatively, measure out this prime site to fit multiple new residences (STCA) for maximum return on investment.
For a clean, easy start, the old original home has been completely removed and cleared, providing excellent cost, time and energy savings to the new owner, who is no doubt eager to start their new life or next exciting development here.
Whatever you choose, this is a rare chance to snap up an affordable entry into this popular address to make your mark with Southland's next premier address!
PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections
Property History for 16 Garfield St, Cheltenham, VIC 3192
- 12 Mar 2024Listed for Sale $1,000,000-$1,100,000 | Private Sale
- 23 Feb 2017Listed for Sale Contact Agent
- 08 May 2015Sold for $1,000,000
Recent sales nearby
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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 15,177 properties. Over the last 5 years, Houses in Cheltenham have seen a 9.78% increase in median value, while Units have seen a 8.13% increase. As at 30 April 2026:
- The median value for Houses in Cheltenham is $1,288,289 while the median value for Units is $727,334.
- Houses have a median rent of $750 while Units have a median rent of $575.
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