5 Elwood Street, Notting Hill, VIC 3168 | House for sale | OnTheHouse
 
FOR SALE
$1,350,000 - $1,450,000｜Flexible Settlement View Property Price Statement

5 Elwood Street
Notting Hill VIC 3168

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 945m2
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Prime Development Opportunity - 945sqm Rectangular Block in Growth Zone

Commanding a perfectly rectangular 945sqm (approx.) allotment with 17.17m frontage, this rare landholding presents a premium opportunity for developers to capitalise on Notting Hill’s surging demand and limited supply.
Set within a proven high-growth corridor, the site’s size, shape and zoning make it ideal for multi-townhouse or boutique apartment redevelopment (STCA). The property with no big trees and slope, highlights its strong planning feasibility and development potential.
Positioned for exceptional rental and resale returns, the property sits moments from Monash University Clayton Campus, M-City, Pinewood Shopping Village, The Glen, IKEA, and Monash Medical Centre, ensuring consistent end-user demand from students, professionals and families.
A blue-chip land opportunity offering strong profit margins, long-term capital growth and reliable market fundamentals — opportunities of this calibre are increasingly rare.
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Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property Details for 5 Elwood St, Notting Hill

5 Elwood St, Notting Hill is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 945m2. The place is currently for sale with Professionals First & Co.

Building Type
House
Land Size
945m2
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About Notting Hill 3168

The size of Notting Hill is approximately 1.6 square kilometres. There is 1 park, covering nearly 0.3% of the total area. The population of Notting Hill in 2016 was 3050 people. By 2021 the population was 2895 showing a population decline of 5.1% in the area during that time. The predominant age group in Notting Hill is 20-29 years. Households in Notting Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Notting Hill work in a professional occupation.In 2021, 47.70% of the homes in Notting Hill were owner-occupied compared with 41.00% in 2016.

Notting Hill has 2,182 properties. Over the last 5 years, Houses in Notting Hill have seen a -6.61% decrease in median value, while Units have seen a -9.39% decrease. As at 31 August 2026:

  • The median value for Houses in Notting Hill is $1,190,577 while the median value for Units is $392,747.
  • Houses have a median rent of $650 while Units have a median rent of $555.
There are currently 9 properties listed for sale, and 9 properties listed for rent in Notting hill on OnTheHouse. According to Cotality's data, 69 properties were sold in the past 12 months in Notting hill.

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Danae Feng
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Tony Che
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Professionals First & Co
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