40 Olympic Ave, Cheltenham is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1925. The property has a land size of 770m2 and floor size of 236m2. While the property is not currently for sale or for rent, it was last sold in July 2019.
Showcasing the perfect blend of period charm and contemporary family spaces, this beautiful 4-bedroom, 2.5-bathroom Californian bungalow, approx. 770m2, is nestled in a coveted Sandbelt pocket with all essential amenities conveniently nearby. Enriched by timeless period detailing and boasting a sought-after northerly orientation, a stunning yet sympathetic renovation/extension has transformed this already appealing c1928 residence into a spacious and light-filled modern home.
Families will love the choice of sun-splashed living spaces as well as the peacefully positioned bedrooms which include three downstairs bedrooms (two with WIRs) and a truly tranquil first floor parents' retreat with sitting room, walk-in robe, ensuite & private balcony. Entertaining is easy thanks to the formal lounge (OFP) & dining room, open plan living & meals area plus gourmet stone kitchen which is well-placed for both indoor/outdoor hosting. Outside, the sundrenched alfresco deck is perfect for relaxing with friends while the children splash in the salt chlorinated/solar heated pool or play on the lush green lawn.
With ducted heating, split system and alarm, the home also boasts a freestanding pool room with kitchenette which could be utilised as a home office or teen retreat if desired. A leisurely walk to Southland and its new station - well-regarded schools, a selection of championship golf courses and beautiful beaches are all within easy reach.
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 15,173 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:
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