41/328 Reserve Road, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
 
OFF MARKET

41/328 Reserve Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11561m2
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Property Details for 41/328 Reserve Rd, Cheltenham

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

Last Listing description (April 2017)

This outstanding warehouse with high office component is located at 328 Reserve Road, Cheltenham.
The building has been designed to the highest quality and features ducted air-conditioning, recessed high-lux lighting, suspended acoustic ceilings, commercial grade carpet, male and female amenities, kitchenette, excellent natural light, container height roller door access, 5 allocated onsite car parking spaces, corporate signage rights and a dedicated on site cafe.
This state of the art business park is ideally located close to Nepean Highway, Westfield Southland Shopping Centre, Golf Courses, Sandringham Yacht Club, Cheltenham Railway Station and Sandringham Railway Station.

Property features:
- Total Building area: 281m2*
- Total office area: 181m2*
- Partitioned office/boardroom areas
- Kitchenette
- Male & female amenities
- Container height roller door
- heating cooling
- 5 onsite car spaces
Please contact CVA Property Consultants for further information.
Approximately*

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Property History for 41/328 Reserve Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$825,000
16 Oct 2017
Listed for Rent
10 Apr 2017
  • 16 Oct 2017
    Sold for $825,000
  • 25 Dec 2015
    Listed for Rent - Price not available
  • 14 Jan 2015
    Listed for Rent - Price not available
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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 49 properties listed for sale, and 29 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 666 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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