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23 Follett Road, Cheltenham VIC 3192

23 Follett Road, Cheltenham VIC 3192

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For sale

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

23 Follett Road, Cheltenham, VIC 3192

3

1

1

599m²

0m²

•

house

Map of 23 Follett Road, Cheltenham VIC 3192, Cheltenham, Victoria

Property Description

Listed on 20 Mar 2026

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

Estimated value

Based on comparable sales, past sales and available property data

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Rental income estimate and range

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Median house price trends

Comparing the price trend of houses in Cheltenham against the state of Victoria over the last 4 years. Source: Cotality

Comparable properties

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Market activity

A snapshot of how quickly properties are selling in the area and how many are currently available.

26 Days

House median days on market

25 Days

Unit median days on market

553 Properties

Sold in last 12 months

105 Properties

Available in the last month

Cheltenham residents

Key characteristics of the residents in the area, view the full breakdown of the suburb here.

60+

Is the most common age range

Mortgaged Owners

Most common occupant type

Families

Most common household profile

Professionals

Most common occupation

Detached Houses

Most common property type

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Nearby education

Schooling and educational options in the area, for all ages.

Cheltenham East Primary School

K - Yr 6

Government

Cheltenham Primary School

K - Yr 6

Government

Kingston Heath Primary School

K - Yr 6

Government

Le Page Primary School

K - Yr 6

Government

Our Lady of the Assumption School

K - Yr 6

Catholic

Get a wider view

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Cheltenham

View the suburb data

Kingston (Vic.)

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Victoria

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Explore surrounding suburbs

Learn about neighbouring suburbs to see if they are better suited to your budget or lifestyle.

Median House: $1,982,064

Median Unit: $1,322,549

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Median Unit: $1,158,562

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Median Unit: $739,373

Median House: $1,447,903

Median Unit: $713,357

Median House: $1,471,503

Median Unit: $683,051

Median House: $1,228,781

Median Unit: $753,368

Median House: $1,418,716

Median Unit: N/A

Median House: $2,193,822

Median Unit: $841,860

Frequently asked questions

The property at 23 Follett Road includes 3 bedrooms, 1 bathroom and parking for 1 car.

The land size for 23 Follett Road in Cheltenham is approximately 599 square metres. This figure is useful for understanding the outdoor space, development potential and overall scale of the property.

23 Follett Road in Cheltenham, Victoria, is close to local schools such as Cheltenham East Primary School, Cheltenham Primary School, Kingston Heath Primary School, Le Page Primary School, Our Lady of the Assumption School and Cheltenham Secondary College

The current listing status for the property at 23 Follett Road, Cheltenham is not available in our data at this time.

Contact the agent

Ray White Cheltenham

Angela Limanis

Ray White Cheltenham

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