372 Bay Road, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
 
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372 Bay Road
Cheltenham VIC 3192

Bedrooms: 4
Bathrooms: 1
Car spaces: 3
Floor area: 128m2
Land area: 650m2
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Property Details for 372 Bay Rd, Cheltenham

372 Bay Rd, Cheltenham is a 4 bedroom, 1 bathroom House with 3 parking spaces and was built in 1960. The property has a land size of 650m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
House
Year Built
1960
Floor Size
128m2
Land Size
650m2
Local Government
Bayside
Lot/Plan
10/LP10396

Last Listing description (January 2021)

Found yourself a rare opportunity in a rapidly-transforming beachside location on 650sqm/6996sqft (approx.) of premium Cheltenham land. Showing-off easy-access to Southland and 'new' train station and Bayside beaches, this much-loved family home provides versatility with an approved planning permit for a 2-lot subdivision.

This four-bedroom residence featuring north-oriented living with generous spaces, a fully functional kitchen for meals and ample bench space and vintage family bathroom. Equipped with ducted heating, an air-conditioner and a double-car auto-garage, a carport with great gardens for children to roam and family gatherings/outdoor entertaining.

It also offers excellent renovation and development potential. A permit for a fifth-bedroom extension for the existing dwelling and a three-bedroom two-bathroom townhouse at the rear. Alternative, flexible zoning to suggest apartment usage! Which empowers you to capitalize on the property's desirable location and proximity to George Fry Reserve, Southland, Sandringham College and the booming Highett village.

Contact Kevin Fan on 0491 606 640 or Sam Hartrick on 0421 272 726 for more info (plans and permit) and an inspection.

For more property visit: www.gsregroup.com.au

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Property History for 372 Bay Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$1,196,000
23 Dec 2020
Listed for Rent
$550/w
26 Jun 2020
  • 23 Dec 2020
    Sold for $1,196,000
  • 16 Nov 2020
    Listed for Sale $1,200,000
  • 03 Aug 2020
    Listed for Sale 1160000
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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 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 57 properties listed for sale, and 31 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 663 properties were sold in the past 12 months in Cheltenham.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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