RateMyAgentGo to search
Back 5 Joami Street
Off Market

5 Joami Street

Cheltenham VIC 3192

9
4
6
674 m²
House
Last sold for $1,520,000
Paul AllicaPaul Allica, last sold this property on 13 April 2026 after 110 days on market.

Overview

$160,000 Rental Income Corner Development Site

Unlock a rare opportunity with this versatile double brick property on a generous 672sqm (approx.) corner block in a quiet cul-de-sac. Ideal for investors or developers, it currently returns $2,700 per week ($140,400-$160,000 per year) through fully leased formal agreements - letting you earn income while you plan your next move. The property hosts nine individual rooms. Upstairs features 7 with a shared bathroom, and a large kitchen/dining area with cooking appliances and laundry facilities. The entire lower level is a self-contained two-bedroom residence with living/dining, kitchen/laundry, and a bright bathroom - perfect for ongoing rental returns. With low-maintenance outdoor spaces, alfresco access from some rooms, ample storage, double + single garage, and substantial onsite parking, the property is set for comfort and convenience. Takeover ownership and decide your path: -Continue the current arrangement and enjoy immediate income. -Modify into a stylish family home. -Clear the site and build up to three townhouses (STCA), with wide frontage and holding costs already covered by the existing rental income. -Just moments to bus stops, Franks Café, Le Page Primary School, Cheltenham Secondary College, and Southland Shopping Centre - this sought-after location balances lifestyle, income, and future growth. Property Details: -Land: 672m² / 0.17 acres -Parking: Double + single garage, plus 2 off-street spaces 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

Features

9 bedrooms
4 bathrooms
6 carspaces
2 open car spaces
4 garage spaces
674 m² lot size
House

Estimated Value

We need at least 3 similar 9 bedroom houses sold in Cheltenham over the last 12 months.

Property history for 5 Joami Street

2026
Sold
$1,520,000
13 Apr 2026 by Paul Allica, of Ray White The Bayside Group

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 9 bedroom houses in Cheltenham

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cheltenham

placeholder
Angela Limanis

Sellers who recommend Angela Limanis have praised them for being clear communication, local expert, responsive, supportive, honest, dedicated and great auctioneer

  •   4.9   (208 reviews)
  •  24 Reviews in Cheltenham
  •  30 Sales in Cheltenham
View profile
placeholder
Trevor Bowen

Sellers who recommend Trevor Bowen have praised them for being local expert, clear communication, supportive, reliable, dedicated, responsive and honest

  •   4.9   (430 reviews)
  •  23 Reviews in Cheltenham
  •  27 Sales in Cheltenham
View profile
placeholder
Paul Allica

Sellers who recommend Paul Allica have praised them for being clear communication

  •   5   (12 reviews)
  •  4 Reviews in Cheltenham
  •  2 Sales in Cheltenham
View profile
placeholder
Julia Poggi

Julia Poggi is a recommended agent for Cheltenham.  They have collected 4 local reviews across the last 12 months.

  •   4.9   (8 reviews)
  •  4 Reviews in Cheltenham
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap