49 Derring Lane, Cheltenham is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 2003. The property has a land size of 287m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 4 bedroom House sold in Cheltenham in the last 12 months.
Nestled within one of Cheltenham's most peaceful and tightly held pockets and overlooking parkland, this architecturally designed residence delivers an exceptional combination of contemporary style, generous proportions and family-focused functionality.
Defined by its striking modern façade and expansive interiors, the home has been thoughtfully designed to accommodate growing families while maintaining an effortless sense of luxury. Warm Tassie Oak timber floors, abundant natural light and a flowing floor plan create an inviting atmosphere from the moment you step inside.
The ground floor centres around a vast open-plan living, dining and kitchen domain, creating the perfect environment for both everyday family life and large-scale entertaining. A feature gas fireplace adds warmth and ambience, while the gourmet kitchen impresses with stone granite bench-tops, quality appliances, extensive storage, a walk-in pantry and oversized island bench that naturally becomes the heart of the home.
Seamless indoor-outdoor integration is achieved through large glass doors opening out to a private alfresco terrace surrounded by established gardens, water feature and mature greenery, providing a tranquil setting for entertaining throughout the seasons.
Designed with flexibility in mind, the home offers four spacious bedrooms, including a versatile ground-floor bedroom ideal for guests, teenagers, a home office or multi-generational living. Upstairs, a generous retreat provides a second living zone, perfectly suited as a family lounge, children's rumpus or work-from-home space.
The luxurious master suite is a true sanctuary, boasting impressive proportions, a walk-in robe, stylish ensuite and private balcony retreat. Two additional generous upstairs bedrooms each enjoy their own walk-in robes and are serviced by a contemporary family bathroom complete with a relaxing spa bath.
Further highlights include a dedicated study nook, powder room, full laundry, refrigerated heating and cooling (2 zones, quality finishes throughout and a secure garage with internal access.
Positioned at the end of a no through road, next to parkland, within easy reach of quality schools, transport options, Southland Shopping Centre and the stunning Bayside coastline, this impressive residence presents a rare opportunity to secure a sophisticated family home in a highly sought-after Cheltenham location.
The size of Cheltenham is approximately 10.6 square kilometres. There are 26 parks, covering nearly 19.1% of the 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 15,205 properties. Over the last 5 years, Houses in Cheltenham have seen a -5.85% decrease in median value, while Units have seen a 3.54% increase. As at 31 July 2026:
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