7/328 Reserve Road, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
 
OFF MARKET

7/328 Reserve Road
Cheltenham VIC 3192

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11561m2
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Property Details for 7/328 Reserve Rd, Cheltenham

Building Type
Commercial
Land Size
11561m2
Local Government
Bayside
Lot/Plan
7/PS543206

Last Listing description (October 2021)

Savvy Investment Opportunity

Just Commercial are delighted to offer this stunning office warehouse, well located in an established commercial precinct to the market as a tenanted investment.


Key Attributes include:
+ Hi tech building of 154sqm*
+ Ground floor showroom/warehouse
+ 1st floor open plan, air conditioned and carpeted office space
+ Roller door with good access
+ 3 car spaces

The Tenant
+ Securely leased until April 2023
+ Current rent of $31,514 + outgoings + GST
+ One further term of three years
+ Annual 3% rent increases

An inspection of this as new property near the corner of Reserve and Park Roads will definitely impress. Located within minutes to Nepean Hwy, Westfield Southland and other retail giants.

Just Commercial
Focused on Successful Property Outcomes

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Property History for 7/328 Reserve Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$680,000
06 Aug 2021
Listed for Rent
$585/w
19 Feb 2020
  • 06 Aug 2021
    Sold for $680,000
  • 28 Jul 2021
    Listed for Sale $660,000 -$690,000
  • 18 Dec 2019
    Listed for Rent $30,500 / 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 15,148 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 49 properties listed for sale, and 29 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 666 properties were sold in the past 12 months in Cheltenham.

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