Lot 206 - Banksia - Cheltenham
Cheltenham, Melbourne, VIC, 3192$ 680,000
- Apartment
- Property Type
- 1
- Bedrooms
- 1
- Bathrooms
- 0
- Cars
- N/A
Details
Updated on Jun 18, 2026
| Property Type: | Apartment |
|---|---|
| Secondary Type: | FIRB SMSF |
| Price: | $ 680,000 |
| Land Price: | N/A |
| Build Price: | N/A |
| Gross Per Week: | $ 537 |
| Gross Per Annum: | $ 27,924 |
| Gross Yield: | 4.11% |
| Capital Growth 12 Months: | 6.34% |
| Capital Growth 10 Year Annualised: | 4.81% |
| Vacancy Rate: | 0.52% |
| Property Size: | N/A |
| Land Area: | N/A |
|---|---|
| Bedrooms: | 1 |
| Bathrooms: | 1 |
| Parking: | N/A |
| Title Status: | N/A |
| Property ID: | 28319 |
| SKU: | 1001 |
Description
*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*
Ideally located on the beach side of vibrant Cheltenham Village, this brand new development of 29 apartments delivers a sophisticated blend of stylish modern living, quality construction and environmentally efficient design. Tailored to the local market, these quality residences feature refined detail and flexible floorplans, balanced with ground level commercial spaces.
Banksia’s interiors balance elegant style and practical live ability. Full height windows and soft, neutral colour palettes create light-filled and breathable interior spaces. As ense of warmth and subtle character is achieved by the use of oak timber flooring throughout the open plan living spaces ,while clean minimalist-styled kitchens are fitted out with quality black Smeg appliances. With a range of options from ground floor apartments up to penthouse residences, all with landscaped private outdoor spaces, Banksia offers a diverse selection of floorplans to suitindividual living requirements.
Designed to meet the latest standards in environmental sustainability, each residence incorporates energy efficient features, double glazed windows, integrated heating and cooling, as well as car charging facilities in the basement. Positioned between green open spaces, vibrant retail, diverse dining and convenient transport options ,Banksia’s enviable location is just minutes away from the very best that both Cheltenham and bayside Melbourne has to offer. South land Shopping Centre is located nearby while the stunning beaches of Mentone, Sandringham and Black Rock are just minutes away. Established parklands, sporting reserves, world-class golf courses, community centres and some of the best colleges and education facilities, make Cheltenham such a desirable living locale
Address
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.
SMSF Single Contract