362 Bay RoadCheltenham VIC 3192
Property Details for 362 Bay Rd, Cheltenham
362 Bay Rd, Cheltenham is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 201m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom House sold in Cheltenham in the last 12 months.
Last Listing description (October 2025)
Set against a vibrant streetscape, this high-exposure property boasts an impressive wide frontage along Bay Road - offering a rare dual-use opportunity that blends commercial presence, residential comfort, and a premium location.
Step inside to discover a highly adaptable layout catering to both business and lifestyle needs. At the front, a generous retail space is complemented commercial kitchen space ready to fit out to your requirements complete with a cool room and storage - providing a solution for hospitality, retail, or professional services. Beyond the shopfront, a self-contained residential zone features a spacious living/lounge area, two separate bedrooms, bathroom, and laundry - ideal for owner-occupiers, staff accommodation, or tenants.
With over 60,000 vehicles passing daily, the expansive frontage ensures unparalleled visibility and marketing potential. Adding to the versatility, a large rear courtyard accessible via a side laneway presents opportunities for outdoor dining, additional storage, or potential future development (STCA).
Constructed in solid brick, the building offers a strong foundation for renovation, extension, or redevelopment. Whether you're looking to expand the commercial footprint, enhance the residential offering, or reimagine the property entirely, this flexible space invites a wide range of possibilities.
Positioned in the thriving Bay Road corridor, enjoy convenient access to Westfield Southland, Southland Station, local schools, cafes, parks, and multiple bus routes.
This is more than just a property - it's a strategic investment in location, lifestyle, and long-term potential. Perfect for savvy investors, business owners, or developers ready to capitalise on a high-profile, multi-purpose asset.
** Please note all offers and figures quoted are excluding GST and this property sale is subject to GST.
Property History for 362 Bay Rd, Cheltenham, VIC 3192
- 26 Oct 2025Sold for $850,000
- 14 Oct 2025Listed for Sale Contact agent
- 07 Sep 2022Transferred
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 15,148 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.
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