Federal Budget 2026: what it means for you in the property market

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The trends, features 
and suburbs defining 
luxury in 2026

Property main details

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Home For Sale

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

Specifications

  • Property Type
    House
  • Land
    599 m2

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

Positioned on a desirable corner allotment in the highly sought-after Golden Triangle pocket of Cheltenham, this substantial landholding presents an outstanding opportunity for developers, builders and investors looking to secure a prime site with future potential.

Occupying approximately 599sqm (approx.), the property offers excellent flexibility for those considering a new home build, multi-dwelling development or long-term land banking opportunity (STCA). The prominent corner position enhances accessibility and design possibilities, making it particularly attractive for those looking to maximise the site's potential.

Adding further appeal for investors or future developers, the property is currently tenanted, allowing purchasers the option to retain the rental income while finalising plans and permits, creating a practical holding solution while preparing for the next stage.

The location further strengthens the opportunity. Directly opposite a small group of local shops, the property enjoys everyday convenience along with easy access to Cheltenham Train Station, Westfield Southland, local parks, schools and major road connections, placing it firmly within one of Cheltenham's most connected pockets.

Whether you are looking to build your dream home, explore development potential or secure a well-positioned investment with strong future upside, this is a compelling opportunity to capitalise on a corner site in a suburb that continues to grow in demand.
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

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Get in touch

We'd love to hear from you

If you're interested in looking at properties around the area, or want the latest information on the market in your neighbourhood, we'd love to hear from you. 

23 Follett Road Cheltenham 3192, Victoria
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