The Power of 8
A rare & exciting opportunity exists to enjoy endless blue-chip returns on a block of 8 separately titled & currently tenanted apartments, enviably situated in one of the best streets in Elwood with easy access to absolutely everything the Elwood lifestyle has to offer! Investors looking to acquire property & immediately bring in a rental income with future options to further update, enhance & add value (STCA), this well maintained, solid 70’s boutique block, in a picturesque tree lined avenue, is a once in a lifetime prospect! The substantial 759m2* allotment comprises 1 x exceptional three bedroom, two bathroom apartment on the first floor with impressive house like proportions featuring a generous living & adjoining dining room with original retro style timber screens, built in cabinetry & a gorgeous full width entertainer’s balcony with leafy neighbourhood views, a spacious well appointed kitchen, light filled casual meals area, separate laundry & double garage as well as 7 extra large one bedroom apartments all in good original condition, each featuring a living room, separate functional kitchen with meals area, bathroom with laundry facilities & off street parking on title. Superbly positioned in a vibrant in-demand Bayside location with Ormond Road shops, cafes, bars & transport on the one end of the street & Elwood beach at the other end! Don’t miss your chance to capitalise on this great address. *Approximate Title Dimensions.
Elwood suburb statistics
Houses*
Median sale price
$2,345,000
Quarterly price change
0%
Units*
Median sale price
$670,000
Quarterly price change
-0.45%
Sales insights
Auction clearance rate*
78%
Median days on market∧
29 days
Total sold properties*
153
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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