5 Melaleuca DriveCheltenham VIC 3192
Property Details for 5 Melaleuca Dr, Cheltenham
Last Listing description (May 2015)
Corner Block, Great Flexibility
A rare opportunity to purchase land in the heart of Bayside. Don't miss out on the chance to secure 5 Melaleuca Drive, Cheltenham.
* Total land area: 3190m2 (approx.)
* Excellent side access
* Potential for 3 - 4 level office building
Ideal for you to create your own building for your business.
For further information contact:
Matt Nichols on 0448 567 403 or mattn@nicholscrowder.com.au
James Glen on 0401 493 277 or jamesg@nicholscrowder.com.au
NB: All areas and measurements are approximates. All prices are plus GST, unless otherwise stated.
Property History for 5 Melaleuca Dr, Cheltenham, VIC 3192
- 29 Apr 2014Listed for Sale CONTACT AGENT
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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 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.
Suburb Insights for Cheltenham 3192
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