5 Joami StreetCheltenham VIC 3192
Property Details for 5 Joami St, Cheltenham
5 Joami St, Cheltenham is a 9 bedroom, 4 bathroom House with 6 parking spaces. The property has a land size of 674m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 9 bedroom House sold in Cheltenham in the last 12 months.
Last Listing description (April 2026)
Unlock a rare opportunity with this versatile double brick property on a generous 672sqm (approx.) corner block in a quiet cul-de-sac. Ideal for investors or developers, it currently returns $2,700 per week ($140,400-$160,000 per year) through fully leased formal agreements - letting you earn income while you plan your next move.
The property hosts nine individual rooms. Upstairs features 7 with a shared bathroom, and a large kitchen/dining area with cooking appliances and laundry facilities. The entire lower level is a self-contained two-bedroom residence with living/dining, kitchen/laundry, and a bright bathroom - perfect for ongoing rental returns.
With low-maintenance outdoor spaces, alfresco access from some rooms, ample storage, double + single garage, and substantial onsite parking, the property is set for comfort and convenience.
Takeover ownership and decide your path:
-Continue the current arrangement and enjoy immediate income.
-Modify into a stylish family home.
-Clear the site and build up to three townhouses (STCA), with wide frontage and holding costs already covered by the existing rental income.
-Just moments to bus stops, Franks Café, Le Page Primary School, Cheltenham Secondary College, and Southland Shopping Centre - this sought-after location balances lifestyle, income, and future growth.
Property Details:
-Land: 672m² / 0.17 acres
-Parking: Double + single garage, plus 2 off-street spaces
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
Property History for 5 Joami St, Cheltenham, VIC 3192
- 09 Apr 2026Sold for $1,520,000
- 24 Dec 2025Listed for Sale UNDER OFFER
- 31 Aug 2022Transferred
Recent sales nearby
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0About 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 15,176 properties. Over the last 5 years, Houses in Cheltenham have seen a 9.78% increase in median value, while Units have seen a 8.13% increase. As at 30 April 2026:
- The median value for Houses in Cheltenham is $1,288,289 while the median value for Units is $727,334.
- Houses have a median rent of $750 while Units have a median rent of $575.
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