2 Olympic Avenue, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
OFF MARKET

2 Olympic Avenue
Cheltenham VIC 3192

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Floor area: 224m2
Land area: 682m2
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Property Details for 2 Olympic Ave, Cheltenham

2 Olympic Ave, Cheltenham is a 4 bedroom, 3 bathroom House with 4 parking spaces and was built in 1975. The property has a land size of 682m2 and floor size of 224m2. While the property is not currently for sale or for rent, it was last sold in February 2013.

Building Type
House
Year Built
1975
Floor Size
224m2
Land Size
682m2
Local Government
Bayside
Lot/Plan
10/LP10580

Last Listing description (February 2017)

Is flexible design the answer to today's housing dilemmas? It's rare to find a home that adapts to a variety of uses...this expertly renovated mid-Century modern home does all that and more!
Offering the streetscape of a single property, the home comprises three separate self-contained (but optionally interconnected) spaces - each with its own entrance, off-street parking, 1-1-2 bedrooms, bathroom, laundry and open-plan living with kitchen. On one title with single rates and utilities and no body corporate or strata fees, the savvy investor will recognise the immediate benefits with potential to redevelop at a later date. Rental returns from this cleverly reconfigured property can offer investors outstanding yields.
Partially renovated to an exacting standard with quality kitchens (the largest showcasing state-of-the-art style with stone benchtops and European appliances), stylish bathrooms, polished floorboards and built-in and walk-in robes, this versatile property offers a mix of hydronic heating, reverse-cycle air-conditioning and fan-cooling ...all set in around 686sqm established gardens with CCTV surveillance and four carspaces across a double carport and sail-shaded parking.

Located in the desirable Pennydale Estate, just one door from the fairways of Victoria and Cheltenham Golf Clubs, adjacent to extensive parklands, close to Southland and Charman Rd shopping and train stations with the bus at the door, this is the ultimate multi-option opportunity ...with multiple rewards for investors and families of all shapes and sizes!
Live in one space while enjoying long or short term rents from the other two. Combine two of the spaces into inter-generational accommodation or return it to a single family home. The choice is yours now with flexibility to adapt in the future.

Property History for 2 Olympic Ave, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$739,000
23 Feb 2013
  • 17 Nov 2016
    Listed for Sale $1,440,000
  • 23 Feb 2013
    Sold for $739,000
  • 12 Dec 2012
    Listed for Sale $730K - $790K
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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 15,173 properties. Over the last 5 years, Houses in Cheltenham have seen a 18.32% increase in median value, while Units have seen a 13.80% increase. As at 28 February 2026:

  • The median value for Houses in Cheltenham is $1,308,623 while the median value for Units is $728,802.
  • Houses have a median rent of $730 while Units have a median rent of $555.
There are currently 61 properties listed for sale, and 28 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 657 properties were sold in the past 12 months in Cheltenham.

Suburb Insights for Cheltenham 3192

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.