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Back 1331 Nepean Hwy
Off Market

1331 Nepean Hwy

Cheltenham VIC 3192

3
2
2
House
Last sold for $1,015,000
Brian LewinBrian Lewin, last sold this property on 28 February 2025 after 24 days on market.

Overview

A Californian Dream with Options to Explore

Which direction will you choose? This largely original Californian bungalow has been a fixture here for almost 100 years and is now ready for its next chapter. Giving options for renovators and developers to create something truly special in a vibrant and amenity-rich locale, the classic home occupies an approximately 567 sqm block, with a broad 22 metre frontage. Endearingly appealing, the bungalow itself flaunts a classic pillared façade with a shady verandah which gives way to interiors that comprise formal lounge and dining areas, along with a more recent kitchen to the rear featuring stainless steel appliances. Three good-sized bedrooms are also offered including the spacious rear master which benefits from a walk-through robe and updated ensuite bathroom, while a laundry and storage area are added practicalities together with both a gas and open fireplace, split system heating/cooling plus a large 6.7Kw solar array. Set amongst established gardens with a large shed and ample on-site parking, the decision is yours as to where to take it. Be inspired by neighbouring properties to undertake a thorough renovation working with the inherent charm & character of the period. Alternatively, clear the site for a brand-new home or luxury townhouse development (STCA). Positioned across from Cheltenham's shops, ever-increasing choice of restaurants and close to the station & bus routes, the Golden Triangle home is also within easy reach of Southland shopping centre and is in the catchment area for both Mentone Girls’ and Cheltenham secondary colleges.

Features

3 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Cheltenham over the last 12 months, the estimated median property value of 1331 Nepean Hwy is $1.19m.

Median value
$1.19m
Estimated value range
$880k - $1.9m
Median days on market
25
Estimated value trend
0%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cheltenham. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1331 Nepean Hwy

2025
Rented
Undisclosed
Leased on 18 Oct 2025 by Biggin Scott Bayside
2025
Rented
Undisclosed
Leased on 24 Jun 2025 by Biggin Scott Bayside
2025
Sold
$1,015,000
28 Feb 2025 by Brian Lewin, of Lewin Real Estate

Happy sellers in Cheltenham

77%
77% of sellers in Cheltenham reported that their sale price either exceeded or met their price expectations.

Cheltenham stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 57 reviews in Cheltenham over the last 12 months.

Local market activity for 3 bedroom houses in Cheltenham

In the last 12 months, 91 three-bedroom houses similar to 1331 Nepean Hwy, have been sold.

This represents a 32% increase in three-bedroom houses sales when compared to the previous 12 months.

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Paul Allica

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