12 apartments, endless returns!
A rare investment opportunity exists to make your mark in Elwood & enjoy endless blue-chip returns with this block of twelve apartments, ideally located to take advantage of a vibrant bayside lifestyle. Investors looking to acquire property in a high growth location & immediately bring in a rental income with exciting future options to renovate, enhance or redevelop (STCA), this substantial 594m2* allotment in a GRZ 1 presents a once in a lifetime opportunity! Featuring ten generously proportioned one bedroom apartments & two studio apartments, all of varying condition & each comprising an entrance hall, spacious kitchen with gas cooking & good storage & a central bathroom. Each one bedroom apartment includes a good sized bedroom with built in robes & light filled living room while the studios include a combined living/bedroom space with built in robes. Also featuring a communal garden, communal laundry facilities & off street parking for 6 cars. Ideally located minutes from Glen Huntly Road shopping strip, Elwood Village, Elwood Beach, Elsternwick Golf Course, trams & a short stroll to Elsternwick Station with easy access to the CBD - offering a hassle free lifestyle of convenience surrounded by excellent lifestyle amenities. *Approximate Title Dimensions.
Elwood suburb statistics
Houses*
Median sale price
$2,290,000
Quarterly price change
-2.40%
Units*
Median sale price
$650,000
Quarterly price change
-3.08%
Sales insights
Auction clearance rate*
80%
Median days on market∧
24 days
Total sold properties*
131
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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