For Sale

23 Follett Rd, Cheltenham, VIC, 3192

Prime Corner Allotment with Development Potential in Cheltenham's Golden Triangle

House

Type

Bedrooms

Bathrooms

Parkings

Last updated on Monday, March 23, 2026 ( See property details for 23 Follett Rd, Cheltenham, VIC, 3192)

Private Sale $1,200,000-$1,300,000

Angela Limanis - Real Estate Agent - Ray White - Cheltenham

Angela Limanis Sales Consultant & Auctioneer

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile corner property in Cheltenham's Golden Triangle offering development potential, current rental income, and exceptional location benefits.

🏡 Property Highlights

Prime corner allotment in the highly sought-after Golden Triangle pocket of Cheltenham
Approximately 599sqm landholding offering versatile development options
Currently tenanted, providing immediate rental income and future potential
Excellent location opposite local shops with easy access to Cheltenham Train Station and Westfield Southland
Ideal for builders, developers, and investors seeking long-term growth opportunities
Flexible site suitable for new home build, multi-dwelling development, or land banking (STCA)

✨ Key Features

Open-Plan Living
Built-in Robes
Garage
Outdoor Area
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Pet-Friendly

Suburb and Property Insights of Cheltenham, VIC 3192

Cheltenham is a vibrant suburb renowned for its strong community feel, excellent transport links, and proximity to Westfield Southland. It offers a mix of established homes and new developments, making it highly attractive for families and investors alike. The area boasts quality schools, parks, and local amenities, ensuring a convenient lifestyle. Its ongoing growth and development make Cheltenham a prime location for future capital appreciation.

Frequently Asked Questions

What are the development possibilities for this corner site?

The property offers flexibility for a new home build, multi-dwelling development, or long-term land banking, subject to council approval (STCA).

Is the property currently tenanted?

Yes, the property is currently leased, providing immediate rental income while planning for future development.

What amenities are nearby?

The property is directly opposite local shops, with easy access to Cheltenham Train Station, Westfield Southland, parks, schools, and major roads.

Can I retain the current tenant while developing the site?

Yes, the existing tenancy allows you to generate rental income while finalising development plans and permits.

What is the size of the landholding?

The landholding is approximately 599 square metres, offering ample space for various development options.

What to ask about this property to agent?

Are there any zoning restrictions or easements affecting the property? What are the potential costs for council approvals and permits? Are there any existing defects or issues with the property that need attention? Is the property located in a flood or bushfire risk zone? Are there any upcoming planning or construction activities in the area that could impact future development? What are the strata or body corporate considerations, if applicable? Are there any hidden costs associated with the property or development process? Is the property compliant with all local building codes and regulations? Are there any restrictions on the type of development allowed on this site? What is the history of the property regarding previous uses or issues?

23 Follett Rd, Cheltenham, VIC, 3192 - More Details

Prime Corner Allotment with Development Potential in Cheltenham's Golden Triangle

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 2

23 Follett Rd, Cheltenham, VIC, 3192 - Point Of Interest

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Your Commute at a Glance: 23 Follett Rd, Cheltenham, VIC, 3192

Email Enquiry To Ray White - Cheltenham

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23 Follett Rd, Cheltenham, VIC, 3192

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