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21 Derring Lane, Cheltenham$1.65m
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For Salehouse

21 Derring Lane

Cheltenham, VIC 3192, Australia
$1.60m – $1.70m
4 bed 3 bath 2 car

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About this property

Some homes simply feel different the moment you step inside. This is one of them. Offering a sense of space that is increasingly difficult to find, this generously proportioned four-bedroom-plus-study residence, easily configured as a five-bedroom home has been designed with a singular purpose: to grow with your family, season after season, chapter after chapter. With multiple living zones, three bathrooms, private retreats and genuinely generous proportions at every turn, there is room here for everyone: room to connect, room to retreat, room to simply breathe. The heart of the home is a sweeping open-plan kitchen, meals and family domain that flows seamlessly to an outdoor entertaining area and a truly generous backyard a rare find that invites long afternoons, weekend gatherings and the kind of outdoor living that Bayside families dream about. Beyond this, a separate formal living room, dedicated rumpus and a private home office-come-fifth bedroom deliver four living spaces in total, speaking to a floorplan that refuses to compromise, whether you're raising a young family, working from home, or hosting with ease. Year-round comfort is assured throughout via ducted heating and cooling. Upstairs, the home continues to impress. Four well-proportioned bedrooms are anchored by a beautifully private main suite, complete with walk-in robe, ensuite and a dedicated parents' retreat a quiet sanctuary that feels a world away from the rest of the home. A second upstairs retreat gives children and teenagers a space to claim as their own. Practicality has been thoughtfully considered throughout, with an abundance of storage options and a generous double garage ensuring there's a place for everything, making everyday family living effortlessly organised. Positioned within a peaceful no-through road, the setting is remarkably quiet. Families will appreciate the home's placement within highly regarded school zones, while commuters enjoy outstanding transport accessibility. Multiple bus services are available just moments away at the corner of Warrigal Road and Centre Dandenong Road, while both Cheltenham and Mentone train stations are within easy walking distance. Set within one of Cheltenham's most coveted family pockets, the lifestyle on offer is just as compelling as the home itself. Leafy parks, sporting facilities and a genuine community atmosphere sit alongside Southland Shopping Centre, local cafés and the ever-present draw of the Bayside coastline. Substantial, versatile and positioned in one of Cheltenham's most tightly held addresses opportunities like this simply do not come around often.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
3
Parking
2
Listed
3 weeks ago

Repayment calculator

$7,999/month
$4,000 /fortnight
Loan $1,320,000 at 6.10% over 30 years

Upfront costs

Deposit$330,000
Stamp duty$90,750
Conveyancing (est.)$2,000
Total upfront$422,750
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Cheltenham

This 4-bedroom house in Cheltenham, VIC 3192 sits within reach of public transport, local shops and nearby schools. It is listed 57% above the $1.05m median of 49 comparable houseswithin 5 km.

Schools near Cheltenham

  • Cheltenham East Primary Schoolprimary · Prep-6 · CoEd
  • Cheltenham Primary Schoolprimary · Prep-6 · CoEd
  • Kingston Heath Primary Schoolprimary · Prep-6 · CoEd
  • Le Page Primary Schoolprimary · Prep-6 · CoEd
  • Our Lady of the Assumption Schoolprimary · Prep-6 · CoEd
  • Cheltenham Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Unnamed (bus)335 m away
  • Unnamed680 m away
  • Nancy Street Reserve343 m away
  • Follet Road Playground462 m away
  • Judd Parade Reserve564 m away

Cheltenham at a glance

Full suburb profile
Population
23,992
Median age
40
Household income
$1,919/wk
Median rent
$430/wk
Median mortgage
$2,200/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Cheltenham price trend

Median sold · House 4 bed

Compound growth -1.6% / yr over 4 yrs

$1.41mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

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Price history

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1 price change recorded for this property

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