Cheltenham, located in the south-eastern suburbs of Melbourne, Victoria, is an attractive suburb known for its mix of residential charm and proximity to vibrant local amenities. The suburb boasts lovely parks, a diverse community, and excellent transport links, making it a desirable location for families, young professionals, and retirees alike. This article explores the best residential areas within Cheltenham, detailing their characteristics, housing options, average prices, and more.
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Cheltenham Village
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Cheltenham Village is the heart of the suburb, offering a vibrant local shopping precinct including cafes, restaurants, and boutique shops. The proximity to schools and parks makes it ideal for families seeking an active lifestyle.
Characteristics of the Cheltenham Village
* Culture: Community events and local markets
* Transportation: Excellent public transport including Cheltenham train station
* Services: Grocery stores, medical centres, and community services
* Environment: Friendly and vibrant
Housing Options in the Cheltenham Village
Family homes, Townhouses, Units
Average Home Prices in the Cheltenham Village
* Buying: $650,000 – $900,000
* Renting: $400 – $600/month
Southland
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Southland is home to the popular Westfield Southland shopping centre, providing residents with a plethora of shopping and dining options. It is also near parks and recreational facilities, making it perfect for those who enjoy an active lifestyle.
Characteristics of the Southland
* Culture: Shopping and dining hub
* Transportation: Near Cheltenham station and bus services
* Services: Wide range of retail, banking and dining options
* Environment: Dynamic and bustling
Housing Options in the Southland
Units, Apartments, Family homes
Average Home Prices in the Southland
* Buying: $600,000 – $880,000
* Renting: $380 – $550/month
Lindira Estate
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Lindira Estate offers an exclusive living experience with modern homes and well-maintained streetscapes. This family-friendly neighbourhood is known for its spacious properties and proximity to schools.
Characteristics of the Lindira Estate
* Culture: Family-oriented suburb with community spirit
* Transportation: Good access to public transport and highways
* Services: Local parks, schools, and childcare facilities
* Environment: Peaceful and suburban
Housing Options in the Lindira Estate
Detached houses, Large townhouses
Average Home Prices in the Lindira Estate
* Buying: $750,000 – $1,050,000
* Renting: $450 – $700/month
Charman Road
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Charman Road has a mix of residential and commercial properties. It offers a lovely tree-lined street and is popular with young families and professionals seeking convenience to both work and play.
Characteristics of the Charman Road
* Culture: Mix of residential and commercial vibes
* Transportation: Close proximity to Cheltenham station
* Services: Cafés, restaurants, and grocery stores within walking distance
* Environment: Busy and convenient
Housing Options in the Charman Road
Units, Apartments, Period homes
Average Home Prices in the Charman Road
* Buying: $600,000 – $800,000
* Renting: $420 – $620/month
Parkdale
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Bordering Cheltenham, Parkdale is popular for its beachfront access and recreational spaces. It attracts individuals looking for a year-round beach lifestyle while still being connected to Cheltenham’s amenities.
Characteristics of the Parkdale
* Culture: Beach culture and outdoor activities
* Transportation: Train and bus access are readily available
* Services: Beachside cafes, parks, and shopping facilities
* Environment: Relaxed and coastal
Housing Options in the Parkdale
Beachfront houses, Luxury townhouses, Flats
Average Home Prices in the Parkdale
* Buying: $800,000 – $1,200,000
* Renting: $500 – $800/month
Moorabbin
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Just a stone's throw from Cheltenham, Moorabbin offers a mix of residential and commercial spaces. Residents enjoy diverse cafes and shopping options while benefitting from good transport links.
Characteristics of the Moorabbin
* Culture: Diverse dining and shopping culture
* Transportation: Excellent public transport options
* Services: Supermarkets, specialty shops, and healthcare services
* Environment: Lively and multicultural
Housing Options in the Moorabbin
Units, Townhouses, Family homes
Average Home Prices in the Moorabbin
* Buying: $650,000 – $900,000
* Renting: $450 – $650/month
Frequently Asked Questions About the Best Residential Areas in Cheltenham:
The best residential areas in Cheltenham include Cheltenham Village, Southland, Lindira Estate, Charman Road, Parkdale, and Moorabbin.
Lindira Estate is considered one of the best areas for families due to its spacious homes and proximity to schools and parks.
Areas like Southland and Charman Road offer more affordable rental properties compared to the other suburbs.
The average house price in Cheltenham varies by area, typically ranging from $600,000 to $1,200,000.
Yes, Cheltenham has excellent public transport options, including train stations and bus services that connect to surrounding suburbs.
Cheltenham has numerous parks, sports facilities, and community centres which cater to a variety of outdoor activities and events.
Yes, Cheltenham offers several public and private schools catering to all age groups, making it a desirable area for families.
Cheltenham boasts shopping at Westfield Southland, local shops along Charman Road, and various boutiques and grocery stores.
Parkdale, which borders Cheltenham, is the closest suburb to the beach, providing residents with a relaxed coastal lifestyle.
East Cheltenham and the areas surrounding Southland have been attractive for investors due to their potential for capital growth and high rental yields.
Conclusion on the Best Residential Areas in Cheltenham:
Cheltenham offers a variety of residential areas to suit various lifestyles, from vibrant community life in Cheltenham Village to the tranquil coastal vibes of Parkdale. Each suburb presents unique benefits, making Cheltenham a versatile choice for families, professionals, and investors alike. When deciding where to live, consider factors such as proximity to schools, public transport, and local amenities to find the perfect fit for your lifestyle and budget. With property values steadily appreciating, Cheltenham stands as an excellent choice for both homebuyers and renters looking to settle in a diverse and appealing suburb of Melbourne.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.