How Much is My Home Worth in Cheltenham?
Real Estate Appraisal Cheltenham VIC 3192
Thinking of selling or renting your Cheltenham home? The Data to Supply Ration DSR rates Cheltenham as good for owners of homes and units in Cheltenham. This generally means that owners are not in a hurry to sell and are receiving good offers from buyers. Demand for real estate is slightly ahead of supply. Property in this region should stay ahead of the national capital growth for now. Our appraisers base the pricing on access to schools, shops, public transport and a number of other factors. After the appraisal is complete and you agree to sell the home we marry the results with our list of buyers and investors who are interested in Cheltenham property. We also promote the property across all real estate portals, social media, print media and radio. Our property management team has vast experience in renting homes and units in Cheltenham.
Real Estate Trends Cheltenham
The median priced house in Cheltenham as of January 8, 2021, is $1,045,000. The median price for a unit is $615,000. This is an annual capital growth of 5.33% for houses and 3.97% for units. There have been 174 homes and 178 apartments sold in the last year.
House Prices and Rent Returns in Cheltenham.
- 2 bedroom home $866,500 and $395 per week rent.
- 3 bedroom home $1,037,000 and $520 per week rent.
- 4 bedroom home $1,208,000 and $650 per week rent.
Unit Prices and Rent Returns in Cheltenham.
- 1 bedroom unit $351,00 and $335 per week rent.
- 2 bedroom unit $551,500 and $500 per week rent.
- 3 bedroom unit $753,000 and $535 per week rent.
The gross rental yield for houses is 2.76% and for units, it is 3.58%. It takes on average 46 days to sell a house and 57 days to sell a unit.
Lifestyle in Cheltenham Vic 3192
Cheltenham is 19 kilometres south east of the Melbourne central business district. The Nepean Highway and Cheltenham Railway Station run parallel to each other through the centre of Cheltenham. To the north is the Westfield Southland, a huge shopping complex and KMart Southland. There are a number of other reserves in the area.
If Golf is your passion then you will have a choice of 5 golf courses. They are the world rated Royal Melbourne Golf Course, The Sandringham and Cheltenham Golf Courses, Kingston Heath and The Capital Golf Course.
The Australian census of 2011 calculated that the population of Cheltenham at 20291. Married couples make up 50% of the residents. 8% of the population are in defacto relationships.
Schools in Cheltenham.
- Cheltenham Primary School
- Cheltenham East Primary School
- Cheltenham Secondary College
- Le Page Primary School
- Kingston Heath Primary School
Cheltenham Real Estate Agent Contact Details.