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Cheltenham, VIC

Discussion in 'Where to Buy' started by AndyC, 4th Sep, 2016.

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  1. AndyC

    AndyC Member

    Joined:
    4th Sep, 2016
    Posts:
    6
    Location:
    nsw
    Hi , any advice on the prospect of Cheltenham? i am looking to buy there in an apartment block. Thanks in advance.
     
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  2. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    902
    Location:
    Melbourne
    Avoid.

    Go villa units (with a back yard) if you must, but not apartments.

    The Y-man
     
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  3. Cactus

    Cactus Well-Known Member

    Joined:
    18th Jan, 2016
    Posts:
    986
    Location:
    Melbourne
    Cheltenham going bananas both sides of the Hwy.

    I see development blocks in the golden triangle, real estate bs for wrong side of Hwy but close to Southland, goi g for $1.2-1.35M.

    I agree with @The Y-man stay away from apartments. Go for single storey villas if you can't afford houses.

    Good area but prefer beachside close to station and parks if you can get it.

    Also look at Mentone, parkdale and mordialloc.
     
    Connor likes this.
  4. Connor

    Connor Well-Known Member

    Joined:
    31st Aug, 2015
    Posts:
    138
    Location:
    Melbourne
    +2 definitely stay away from apartments in the area. So many have gone/are going up in Chelt, Moorabbin, Highett, Mentone... Mostly sold to investors and with so many, and not much potential to add value, I really don't see an upside.
    Older, solid units that are larger and and give you abit of a yard are better prospects. There's plenty in original condition that one once renovated, kitchen/bathroom etc, can give you a nice upside.
     
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