23 Sandham StreetElsternwick VIC 3185
Property Details for 23 Sandham St, Elsternwick
23 Sandham St, Elsternwick is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1955. The property has a land size of 1687m2 and floor size of 71m2.
Last Listing description (July 2026)
Seize an exceptional opportunity to own a sprawling 1700-square metre (approximate title measurements) parcel of land with a coveted north-facing aspect. This extraordinary proposition, on the market for the first time in nearly a century, presents a legacy property held by a single family throughout its history. Encompassing 5 residences, the possibilities are boundless.
At number 23, the collection of Art Deco dwellings includes one three-bedroom home, three two-bedroom homes and one single-bedroom home, each with a bathroom.
Currently, the comfortably appointed properties offer immediate rental yield, but the true value lies in the exciting development prospects and the capacity for transformation. Envision erecting a modern, luxury boutique complex (STCA), to take full advantage of the prestigious position that's merely steps away from Elsternwick Village, with its train station, tram lines, shops, dining, bars, and Classic Cinemas.
Flat 1 $23,400.00 pa
Flat 2 $25,480.00 pa
Flat 3 $26,000.00 pa
Flat 4 $29,120.00 pa
Flat 5 $34,320.00 pa
TOTAL $138,320.00 pa
Whether renovating the current structures or undertaking a comprehensive development, this site is an exceptional canvas for the discerning developer. Such expansive and promising opportunities are exceedingly rare. This is a once-in-a-lifetime invitation to leave an indelible mark and shape the future of an exclusive neighbourhood.
Property History for 23 Sandham St, Elsternwick, VIC 3185
- 13 Apr 2026Listed for Rent $660 / week
- 27 Jan 2026Listed for Sale Under Contract
- 15 Jul 2024Listed for Sale Not Disclosed
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About Elsternwick 3185
The size of Elsternwick is approximately 2.6 square kilometres. There are 4 parks, covering nearly 3.6% of the total area. The population of Elsternwick in 2016 was 10349 people. By 2021 the population was 10887 showing a population growth of 5.2% in the area during that time. The predominant age group in Elsternwick is 30-39 years. Households in Elsternwick are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elsternwick work in a professional occupation.In 2021, 58.80% of the homes in Elsternwick were owner-occupied compared with 61.10% in 2016.
Elsternwick has 6,801 properties. Over the last 5 years, Houses in Elsternwick have seen a -8.00% decrease in median value, while Units have seen a -4.90% decrease. As at 30 June 2026:
- The median value for Houses in Elsternwick is $2,130,515 while the median value for Units is $686,693.
- Houses have a median rent of $983 while Units have a median rent of $600.
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