221 Thames Promenade is a 10 lot apartment building in Chelsea Heights. It is located within the Melbourne - Inner South region and falls under Kingston council.
Apartments at 221 Thames Promenade currently show a median estimated value of $876,000 and a median weekly rent of $695, compared with Chelsea Heights medians of $799,853 and $635 per week.
Valuation Performance vs. Chelsea Heights (3196)
Based on data we have available for this building and other apartment buildings in the area, the median unit value for 221 Thames Promenade is $876k, with a median rent of $695/wk and a median gross yield of 4.13%.
| Metric | 221 Thames Promenade Chelsea Heights VIC 3196 | Suburb median | Percentile |
|---|---|---|---|
| 1 Bedroom median | Premium | - | Premium |
| 2 Bedroom median | Premium | - | Premium |
| 3 Bedroom median | Premium | - | Premium |
| Sales & rental history | Premium | - | Premium |
| Capital growth trends | Premium | - | Premium |
| Turnover analysis | Premium | - | Premium |
| Location risk | Premium | - | Premium |
| Amenity positioning | Premium | - | Premium |
| Strata fee context | Premium | - | Premium |
AVM data is based on aggregated unit sales and rental activity. Estimates are modelled values - not formal valuations. Use as a guide only. Data updated January 2026.
Recent Sales & Rental Listings
| Sales | |||
|---|---|---|---|
| 21 Feb 2025 | #102 | 2/2/1 | Premium |
| 13 Feb 2025 | #303 | 2/2/1 | Premium |
| 20 Dec 2024 | #211 | 2/1/1 | Premium |
| 8 Nov 2024 | #906 | 3/2/2 | Premium |
| Rentals | |||
|---|---|---|---|
| 23 Nov 2025 | #1502 | 2/2/1 | Premium |
| 30 Jul 2025 | #1110 | 2/2/1 | Premium |
| 28 Jul 2025 | #806 | 1/1/1 | Premium |
| 12 Jun 2025 | #1409 | 3/2/2 | Premium |
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Building Location
Other buildings in Chelsea Heights VIC
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Chelsea Heights VIC223 Thames Promenade223 Thames Promenade, Chelsea Heights, VIC, 3196
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Chelsea Heights VIC227 Thames Promenade227 Thames Promenade, Chelsea Heights, VIC, 3196
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Chelsea Heights VICSOUTH EAST HOLIDAY VLLGE29 Wells Road, Chelsea Heights, VIC, 3196
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Chelsea Heights VIC93 Wells Road93 Wells Road, Chelsea Heights, VIC, 3196
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