8/338 Bay Road, Cheltenham, VIC 3192 | Property Value & History | OnTheHouse
 
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8/338 Bay Road
Cheltenham VIC 3192

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 41m2
Land area: 1863m2
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Last updated 19 Jan 2026
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Property Details for 8/338 Bay Rd, Cheltenham

8/338 Bay Rd, Cheltenham is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 1863m2 and floor size of 41m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Unit
Year Built
1998
Floor Size
41m2
Land Size
1863m2
Local Government
Bayside
Lot/Plan
8/PS415585

Last Listing description (October 2022)

With all day sun, an all-around garden, and all you could need with a walk, this flagship garden apartment is One like you've never seen before! Set on the beachside-of-the-Hwy, this one bedroom apartment is a one-off opportunity with approx 75sqm of high-fenced north-facing garden.

Sun-drenched, stylish and so outdoor-focused, this garden apartment opens out with glass doors to landscaped gardens from both the living area and the bedroom. Shining with a lofty open-plan featuring a contemporary stainless-steel appliance kitchen, this high-ceilinged apartment also features a big all-white ensuite-bathroom, plus a garden-view bedroom with built-in robes.

Appointed with reverse-cycle air-conditioning plus extra wall-heating, this ground-floor home is ready to rent or enjoy. Featuring fresh white paintwork and textured charcoal carpets, the home is styled with airy linen-sheers plus block-out blinds. Offering easy-access parking from Bay Road on-title, this sizeable single bedroom unit also offers an easy-care landscape with a sheltered deck to entertain all year round.

Offering an excellent return on investment with a rental appriasla of $320 - $350 per week, this is a lifestyle investment with rare growth potential. The property offers big lifestyle returns too. Local shops and cafes are at the door, the bus to the bay is within steps, Southland's retail therapy is 250m away, and the new Suburban Rail Loop Station at William Fry Reserve is coming soon!

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

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Property History for 8/338 Bay Rd, Cheltenham, VIC 3192

A timeline of how this property has performed in the market
Last Sold
$350,000
17 Aug 2022
Listed for Rent
$295/w
23 Apr 2020
  • 17 Aug 2022
    Sold for $350,000
  • 13 Jul 2022
    Listed for Sale UNDER CONTRACT
  • 15 Apr 2020
    Listed for Rent $295 / week
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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 15,152 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 31 properties listed for rent in Cheltenham on OnTheHouse. According to Cotality's data, 671 properties were sold in the past 12 months in Cheltenham.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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