5/9 Melaleuca Drive, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
OFF MARKET

5/9 Melaleuca Drive
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 1777m2
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Property Details for 5/9 Melaleuca Dr, Cheltenham

Building Type
Commercial
Land Size
1777m2
Local Government
Bayside
Lot/Plan
605/PS616062

Last Listing description (November 2021)

Great opportunity to purchase this light filled 2 level corporate office with a newly leased tenancy.

Approximately 64sqm, positioned on the first floor with lift access or stair access.


Features include:

* Spacious office space over two levels
* Split system heating/cooling
* Allocated parking
* Security gate for after hours confidence
* Quality carpet and lighting
* Shared kitchenette and bathroom amenities

A central location for your business, walking distance to cafes, gym and childcare and also just around the corner from ALDI , Dan Murphy's, Westfield Southland and the new Southland station.

Please Note: All areas and measurements are approximate.

For any further information or to arrange an inspection please contact our office.

Property History for 5/9 Melaleuca Dr, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$192,500
31 Jan 2012
Listed for Rent
$299/w
20 Apr 2021
  • 29 Jun 2021
    Listed for Sale CONTACT AGENT
  • 07 Aug 2020
    Listed for Rent - Price not available
  • 20 Nov 2015
    Listed for Rent $14,300 / year
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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 15,174 properties. Over the last 5 years, Houses in Cheltenham have seen a 15.84% increase in median value, while Units have seen a 8.24% increase. As at 31 March 2026:

  • The median value for Houses in Cheltenham is $1,299,321 while the median value for Units is $718,770.
  • Houses have a median rent of $750 while Units have a median rent of $570.
There are currently 51 properties listed for sale, and 29 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 633 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.