38/328 Reserve Road, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
OFF MARKET

38/328 Reserve Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11561m2
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Property Details for 38/328 Reserve Rd, Cheltenham

Building Type
Commercial
Land Size
11561m2
Local Government
Bayside
Lot/Plan
38/PS543206

Last Listing description (October 2022)

Beautifully Maintained Office Warehouse

+ Total building 181 sqm* including 2 storey office of 60 sqm *

+ Offices are air conditioned, carpeted and partitioned
+ Great natural light
+ Good warehouse clearance
+ 3 car spaces
+ Suit variety of uses

Located near the corner of Reserve and Park Roads and within minutes to Nepean Highway and Westfield Southland

Just Commercial
Focused on Successful Property Outcomes

+ Approx

Property History for 38/328 Reserve Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$785,000
02 Mar 2023
Listed for Rent
$16k/w
06 Oct 2022
  • 02 Mar 2023
    Sold for $785,000
  • 10 Nov 2022
    Transferred
  • 02 Sep 2022
    Listed for Sale $820,000 plus GST
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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 28.65% increase in median value, while Units have seen a 15.77% increase. As at 31 December 2025:

  • The median value for Houses in Cheltenham is $1,312,269 while the median value for Units is $725,359.
  • Houses have a median rent of $720 while Units have a median rent of $550.
There are currently 53 properties listed for sale, and 29 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 671 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.