Back 3/89 Bernard Street
Off Market

3/89 Bernard Street

Cheltenham VIC 3192

3
1
1
Unit
Last sold for $575,000
John LewisJohn Lewis, last sold this property on 03 July 2025 after 87 days on market.

Overview

Excellent Opportunity in a Prime Cheltenham Location

Presenting a fantastic opportunity for astute investors, renovators, or first-home buyers looking to enter the thriving Cheltenham market. This three-bedroom unit boasts enormous potential, ideally located in one of Cheltenham's most convenient pockets. All three bedrooms feature built-in robes and solid timber floors, offering comfortable living combined with classic charm. The unit includes an original-style kitchen equipped with a dishwasher, perfectly functional yet ripe for renovation, allowing you to add your personal style and value. Enjoy the comfort of year-round climate control with a split system heater and air conditioner, ensuring ease and convenience throughout Melbourne's 4 seasons in one day. Step outside to a private courtyard ideal for relaxing or entertaining. An added external toilet provides extra convenience. Currently leased to a reliable, long-term tenant paying $500 per week on a flexible month-to-month basis, this property provides immediate rental income, offering excellent returns while you plan your next move. Situated in a highly sought-after location, you're within easy walking distance to local amenities, including schools, parks, cafes, and shopping centres, with public transport conveniently close by. Bus service just a few metres away Cheltenham Secondary College less than 250m away Cheltenham Primary Approx 1km away Station approx 1.5 km away Southland approx 2km away Charman Rd Shops approx 1 km away Completing the package is a dedicated single carport, ensuring secure and convenient off-street parking. Seize the opportunity to enhance and capitalize on this perfectly positioned Cheltenham unit. Arrange your inspection today!

Features

3 bedrooms
1 bathroom
1 carspace
1 carport space
Unit

Estimated Value

Based on this property and similar 3 bedroom units sold in Cheltenham over the last 12 months, the estimated median property value of 3/89 Bernard Street is $961k.

Median value
$961k
Estimated value range
$575k - $1.32m
Median days on market
24
Estimated value trend
4%
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 3/89 Bernard Street

2025
Sold
$575,000
03 Jul 2025 by John Lewis, of Us Real Estate

Happy sellers in Cheltenham

89%
89% 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 71 reviews in Cheltenham over the last 12 months.

Local market activity for 3 bedroom units in Cheltenham

In the last 12 months, 15 three-bedroom units similar to 3/89 Bernard Street, have been sold.

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