23 Follett Road, Cheltenham VIC 3192-Image

For Sale

23 Follett Road, Cheltenham VIC 3192

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

House

Type

Bedrooms

Bathrooms

Parkings

Last updated on Tuesday, June 09, 2026 ( See property details for 23 Follett Road, Cheltenham VIC 3192)

$1,200,000

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 prime location convenience.

🏡 Property Highlights

Prime corner allotment in the highly sought-after Golden Triangle pocket of Cheltenham
Excellent development potential with approximately 599sqm of land
Currently tenanted, offering immediate rental income and future flexibility
Outstanding location opposite local shops and close to Cheltenham Train Station
Easy access to Westfield Southland, parks, schools, and major roads
Ideal for builders, developers, and investors seeking long-term growth

✨ Key Features

Open-Plan Living
Built-in Robes
Outdoor Area
Secure Parking
Waterfront / Views
Home Office / Study
Ceiling Fans
Heating
Extra Storage (Shed/Linen)
NBN / High-Speed Ready

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 desirable for families and investors alike. The area boasts quality schools, parks, and local amenities, ensuring a convenient and comfortable lifestyle. With ongoing growth and development, Cheltenham remains a top choice for those seeking a thriving, connected community.

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 tenancy while developing the site?

Yes, the existing tenancy allows for a practical holding solution while finalising development plans and permits.

Are there any restrictions or approvals needed for development?

Development is subject to council approval and compliance with local planning regulations (STCA).

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 or land? Is the property located in a flood or bushfire-prone area? Are there any upcoming planning or construction activities nearby that could impact the site? What are the strata or body corporate considerations, if applicable? Are there any hidden costs associated with the property or development? Is the property compliant with all local building codes and regulations? What are the long-term growth prospects and demand in the area? Are there any restrictions on property modifications or extensions?

23 Follett Road, Cheltenham VIC 3192 - More Details

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

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 2
Area: 0.0

23 Follett Road, Cheltenham VIC 3192 - Point Of Interest

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

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23 Follett Road, Cheltenham VIC 3192

$1,200,000

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