48 Olympic Avenue, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
 
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48 Olympic Avenue
Cheltenham VIC 3192

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 191m2
Land area: 621m2
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Last updated 16 Mar 2026
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Property Details for 48 Olympic Ave, Cheltenham

48 Olympic Ave, Cheltenham is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 621m2 and floor size of 191m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
House
Year Built
1950
Floor Size
191m2
Land Size
621m2
Local Government
Bayside
Lot/Plan
15/LP19365

Last Listing description (April 2022)

Watch the auction footage here: https://www.youtube.com/watch?v=ooBYZXoLPWU

Surround yourself and your family with the ultimate comfort of this spacious and modern home in a prized beach-side precinct. Just a two-minute walk to Pennydale Park and sought after Olympic Avenue Kindergarten, this five-bedroom, two-bathroom, dual-zone home is a true family oasis.

Make yourself comfortable by the open fireplace in the formal lounge and enjoy peaceful views to the lush, landscaped garden, bring all the family together in light-filled living-diningthen step out into sun-bathed north-facing backyard and entertain in every weather in an inviting al fresco zone in landscaped surrounds.

Designed for family harmony with a luxurious rear master-suite (with dual-vanity designer en-suite) and a clever fifth bedroom doubling as a big home-office, there is endlessly stylish space for parents to entertain and kids to play - with lawns to run, bench seating to relax and absolutely no overlooking!

Showcasing a state-of-the-art designer renovation, this centrally heated and cooled home features a cutting-edge kitchen with a Bosch dishwasher and glass splashback fronted by a vast waterfall-edge dining bench for the biggest family dinners. Luxuriously finished with fully-tiled bathrooms with roof-hung monsoon-showers, this stylish home features deluxe touches including solid Australian hardwood floors, thick stone benchtops, airy ceiling fans and elegant plantation-style shutters.

Offering accommodation to suit the biggest family with three-car parking including a double carport, this impressive garden sanctuary has one of the Pennydale precinct's premier addresses, amidst the fairways of Royal Melbourne Golf Club, Victoria Golf Club, Sandringham Golf Links and Balcombe Park. Just a few doors to the park and kindergarten, a walk to Southland, the newly revitalised station and retail precinct, and just 29 minutes by express train to the CBD, this glorious garden oasis is an exceptional family opportunity.

PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections

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Property History for 48 Olympic Ave, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$2,210,000
12 Mar 2022
  • 12 Mar 2022
    Sold for $2,210,000
  • 15 Feb 2022
    Listed for Sale SOLD BY ANGELA LIMANIS
  • 12 Nov 2019
    Sold for $1,580,000
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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 15,177 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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