503/1228 Nepean Highway, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
OFF MARKET

503/1228 Nepean Highway
Cheltenham VIC 3192

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 64m2
Land area: 4010m2
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Last updated 31 Aug 2026
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Property Details for 503/1228 Nepean Hwy, Cheltenham

503/1228 Nepean Hwy, Cheltenham is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 4010m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in July 2025.

Building Type
Unit
Year Built
2018
Floor Size
64m2
Land Size
4010m2
Local Government
Kingston
Lot/Plan
503/PS722823

Last Listing description (April 2026)

This modern 2-bedroom, 2-bathroom apartment in the heart of Cheltenham presents the ideal setting for professionals, first homebuyers, or investors seeking a low-maintenance, lock-and-leave lifestyle.Stepping inside, you're greeted by a light-filled open plan living and dining area, enhanced by a sleek contemporary design and warm timber flooring. The well-appointed kitchen features stainless steel appliances, offering a functional and stylish space for culinary pursuits. Glass sliding doors extend the living area onto a generous 28sqm north-facing balcony-perfect for entertaining or soaking up the sun with elevated views.Both bedrooms are generously sized and fitted with built-in robes, with the master enjoying the privacy of a modern ensuite. A second bathroom and European laundry enhance daily convenience.Notably appointed with split system air conditioning, secure intercom entry, basement car park, storage cage, and access to communal BBQ and seating areas on level 2.THE SPECIFICS Open plan living and dining zone illuminated by natural light and timber flooring Stylish kitchen with stainless steel appliances and ample cabinetry Expansive 28sqm north-facing balcony ideal for outdoor entertaining Two robed bedrooms, including master with private ensuite Second bathroom plus European laundry for added functionality Split system air conditioning, secure intercom entry Basement car park and storage cage for convenience Access to shared BBQ facilities and seating areasTHE LOCATION Moments from Cheltenham Station and Nepean Highway for easy commuting 1km to Southland Shopping Centre and just over 4km to the beach Close to Charman Road shops, Cheltenham Recreation Reserve and Sandy Golf Course Surrounded by a vibrant community with a relaxed bayside feelTHE CLOSEDelivering comfort, style, and unbeatable convenience, this contemporary apartment offers two robed bedrooms, two bathrooms, European laundry, spacious open plan living and dining, expansive entertaining balcony, and the practical benefits of air conditioning, secure parking, and a storage cage-all just moments from transport, retail, parks and the bay.THE AGENTSAngel D'Paul | 0426 863 410Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, MAK REALTY cannot guarantee its correctness. Prospective buyers need to take such action as is necessary, to satisfy themselves of any pertinent matters. *Gross estimate, purchasers will need to complete their due diligence.

Property History for 503/1228 Nepean Hwy, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$535,000
24 Jul 2025
Listed for Rent
23 Oct 2018
  • 24 Jul 2025
    Sold for $535,000
  • 18 Jun 2025
    Listed for Sale THE ONE | SOLD
  • 11 Aug 2023
    Sold for $476,000
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About Cheltenham 3192

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 15,244 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:

  • The median value for Houses in Cheltenham is $1,210,049 while the median value for Units is $715,290.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 67 properties listed for sale, and 34 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 616 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.