5/328 Reserve Road, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
OFF MARKET

5/328 Reserve Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 209m2
Land area: 11561m2
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Property Details for 5/328 Reserve Rd, Cheltenham

Building Type
Commercial
Floor Size
209m2
Land Size
11561m2
Local Government
Bayside
Lot/Plan
5/PS543206

Last Listing description (December 2021)

POINT OF INTEREST:
Equal parts modern presentation and functional consideration, this office/showroom building makes a solid first impression. With five on-site car parks, youll walk in on the ground floor, then let your business take it to the next level. And with ducted air-conditioning, recessed high-lux lighting and an abundance of natural light throughout, it ticks all the boxes of a comfortable and convenient working environment. Available for immediate lease and in close proximity to the surrounding highways, railways and takeaways, the business park offers plenty of reasons to work from work, even if home is right around the corner.

Strata building with 209 sqm* space.

Office/showroom across two levels.
Sophisticated fit-out and quality set-up.
On-site amenities and caf.
5 on-site car parks.

POINT OF VIEW:
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*Approx.
Pricing excludes GST

Property History for 5/328 Reserve Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$735,000
20 Apr 2015
Listed for Rent
$766/w
23 Dec 2021
  • 17 Dec 2020
    Listed for Rent $39,950 / year
  • 20 Apr 2015
    Sold for $735,000
  • 14 Apr 2015
    Listed for Sale $750,000
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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 15,148 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 53 properties listed for sale, and 28 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 674 properties were sold in the past 12 months in Cheltenham.

Suburb Insights for Cheltenham 3192

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.