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

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Land area: 617m2
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Last updated 11 May 2026
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Property Details for 387 Bay Rd, Cheltenham

387 Bay Rd, Cheltenham is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 617m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
House
Year Built
1960
Land Size
617m2
Local Government
Bayside
Lot/Plan
11/LP18998

Last Listing description (January 2023)

Steps from Sir William Fry Reserve & Southland SC, this comprehensively updated entertainer offers flawless family living among beautiful backyard surrounds.
The thoughtful design takes advantage of a prized north-south aspect, with feature-length windows highlighting its original wooden floorboards and crisp white walls. With generous proportions and immersive open-plan design, the lounge/dining area is a pleasure in every season, boasting an in-built fireplace for winter evenings and French doors opening onto the delightful undercover alfresco for summer entertaining.
Four bedrooms with built-in robes intersect a second lounge and two impeccably styled family bathrooms, featuring a bespoke design including frameless shower, floor-to-ceiling tiling, and natural accents.

Prized additions include a stone waterfall kitchen island with breakfast bar, ducted heating throughout, reverse-cycle split-system A/C in both living rooms, landscaped backyard with cubby-house, large front yard, and alfresco heater.
Impeccably positioned amongst Bay Road village, purchasers will enjoy immediate access to acclaimed bars, cafes, restaurants, and boutique shops. Only a minutes' drive to Sandy Beach and Half-Moon Bay, there is so much to love at this coveted address.

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Property History for 387 Bay Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$1,367,500
29 Aug 2022
  • 29 Aug 2022
    Sold for $1,367,500
  • 16 Aug 2022
    Listed for Sale Contact Agent.
  • 22 Nov 2013
    Listed for Sale SOLD - $600,000
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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 15,166 properties. Over the last 5 years, Houses in Cheltenham have seen a 9.78% increase in median value, while Units have seen a 8.13% increase. As at 30 April 2026:

  • The median value for Houses in Cheltenham is $1,288,289 while the median value for Units is $727,334.
  • Houses have a median rent of $750 while Units have a median rent of $575.
There are currently 68 properties listed for sale, and 28 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 632 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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