311/1228 Nepean Highway, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
OFF MARKET

311/1228 Nepean Highway
Cheltenham VIC 3192

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 69m2
Land area: 4011m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 8 Dec 2025
Low

High
Save

Property Details for 311/1228 Nepean Hwy, Cheltenham

311/1228 Nepean Hwy, Cheltenham is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 4011m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
2018
Floor Size
69m2
Land Size
4011m2
Local Government
Kingston
Lot/Plan
311/PS722823

Last Listing description (March 2023)

With easy access to Nepean Highway and Cheltenham train station, the perfect opportunity for your next home or investment awaits. Relaxed bayside ambience meets vibrant, urban chic in a location buzzing with energy. Make the most of living bayside and settle amongst this lovely community with common sitting area and BBQs on level 2. Nearby are the Charman Road shops, Cheltenham Recreation Reserve and Sandy Golf Course. Just over 4kms to the beach and 1km from Southland shopping centre, this apartment offers the best of both worlds.

Move straight in to this modern 2 bedroom 2 bathroom apartment, timber floors, stainless steel kitchen appliances, split system air conditioning and two generously sized bedrooms (master with ensuite) both with built in robes is sure to impress. Flooded with natural light, the open plan living area is seamlessly integrated with the north facing balcony offering views and room to entertain.

Added extras include secure intercom access, second central bathroom, basement car park plus storage cage and European laundry.

Property History for 311/1228 Nepean Hwy, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$490,000
01 Mar 2023
Listed for Rent
$410/w
27 May 2021
  • 01 Mar 2023
    Sold for $490,000
  • 22 Feb 2023
    Listed for Sale $480,000-$500,000 Private Sale
  • 10 Mar 2021
    Listed for Rent $410 / week
Sign in to see more transactions
Commute Calculator

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 15,143 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 38 properties listed for sale, and 24 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 660 properties were sold in the past 12 months in Cheltenham.

Suburb Insights for Cheltenham 3192

Market Insights
Cheltenham Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Cheltenham Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.