For Sale

76 Bernard Street, Cheltenham VIC 3192

One Property. Multiple Outcomes. Exceptional Potential.

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Bathrooms

Parkings

Last updated on Tuesday, September 08, 2026 ( See property details for 76 Bernard Street, Cheltenham VIC 3192)

$950,000

Angela Limanis Sales Consultant & Auctioneer

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Alexandra Palmer Sales Associate to Angela Limanis

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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 Cheltenham property offering a well-maintained home with approved plans for two modern townhouses, perfect for investors, developers, or owner-occupiers seeking future growth.

🏡 Property Highlights

Prime location in the heart of Cheltenham with walking distance to shops, schools, and transport
Versatile property offering immediate value with future redevelopment potential
Plans for two side-by-side four-bedroom townhouses with modern layouts
Existing well-maintained home suitable for renovation or rebuilding
Endorsed planning permit in place, streamlining redevelopment process
Flexible options for owner-occupiers, developers, or investors seeking long-term growth

✨ Key Features

3 bedrooms
1 bathroom
1 car space
Brick construction
Potential for redevelopment or rebuild
Contemporary townhouse plans with ground and upper level master suites
Close to local shops and amenities
Walking distance to primary and secondary schools
Existing well-cared-for home
Endorsed planning permit for development

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76 Bernard Street

Cheltenham, VIC 3192

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Suburb and Property Insights of Cheltenham, VIC 3192

Cheltenham offers a vibrant community with excellent amenities, top schools, and convenient transport links. Its central location ensures strong demand from buyers and investors alike. The area boasts a mix of established homes and new developments, making it ideal for future growth. Local shops, parks, and recreational facilities enhance the lifestyle appeal. This neighbourhood continues to attract discerning buyers seeking both convenience and investment potential.

Frequently Asked Questions

Can I renovate the existing home at 76 Bernard Street?

Yes, the existing home is well cared for and offers a solid base for renovation or refreshment to add value over time.

What redevelopment options are available for this property?

The property has approved plans for two side-by-side four-bedroom townhouses, with a contemporary design and council endorsement, allowing for redevelopment or rebuilding subject to approval.

Is there a planning permit in place for development?

Yes, an endorsed planning permit has been granted by the council, streamlining the redevelopment process.

What are the key features of the proposed townhouses?

Each townhouse features a ground floor master suite, a second master upstairs, and an upper-level retreat, designed to suit families and downsizers alike.

How close is the property to local amenities?

The property is within walking distance to local shops, primary and secondary schools, transport, and everyday amenities.

Is this property suitable for owner-occupiers?

Yes, owner-occupiers can benefit from the long-term upside and the potential to create a standout single residence, subject to council approval.

What is the potential for future value growth?

The property offers immediate holding value with significant future flexibility for redevelopment, making it an attractive investment for growth.

Can I rebuild a single residence on this land?

Yes, there is the option to create a new standalone home, subject to council approval.

What makes this property a good investment?

Its prime location, approved development plans, and potential for future growth make it an excellent investment opportunity.

Are there any restrictions or conditions I should be aware of?

Every precaution has been taken to ensure the accuracy of the information, but buyers should verify details and seek council advice for development plans.

What to ask about this property to agent?

What are the zoning restrictions for this property? Is the endorsed planning permit transferable? What is the timeline for redevelopment approval? Are there any heritage or environmental restrictions? What are the council requirements for rebuilding? Can I subdivide the land in the future? What are the costs involved in redevelopment? Is there potential for capital growth in Cheltenham? What are the nearby schools and transport options? How does this property compare to other development sites in Cheltenham?

76 Bernard Street, Cheltenham VIC 3192 - More Details

One Property. Multiple Outcomes. Exceptional Potential.

Behind a neatly presented frontage, this solid three bedroom brick home offers immediate comfort with a far bigger story waiting to be realised.

Freshly painted and filled with natural light, the home is warm, functional and move in ready. Timber floors run throughout, a generous living room sits at the front with a large picture window, while the adjoining meals and kitchen zone connects easily to the backyard. Three well proportioned bedrooms, a central bathroom, separate laundry and a freestanding garage complete a layout that is simple, practical and ready to enjoy or lease out.

But it is what sits beyond the home that sets this property apart.

Accompanying the sale are thoughtfully designed plans for two side by side four bedroom townhouses, each offering a highly considered layout with a ground floor master suite, a second master upstairs and an additional retreat. It is a design that speaks directly to today's market, appealing to both families and downsizers, and positions the site for strong future demand.

Whether you choose to renovate and hold, lease while you plan, or move straight into development, the flexibility here is undeniable. The PREVIOUSLY endorsed planning permit provides a clear head start, while still allowing you to shape the outcome to suit your vision, all subject to council approval. (Permits have since expired).

Positioned in the true heart of Cheltenham, everything that drives buyer demand is within walking distance. Schools, parklands, Bernard Street shops, transport and Southland are all close by, reinforcing both lifestyle appeal today and resale strength into the future.

This is more than a home on land.

It is a strategic acquisition with multiple outcomes, where you decide what comes next.

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

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

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Angela Limanis

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Alexandra Palmer

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76 Bernard Street, Cheltenham VIC 3192

$950,000

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