Property Details for 1-3/12 Austin Ave, Elwood
1-3/12 Austin Ave, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces.
Last Listing description (November 2023)
Lease in place until 8 September 2024
One of only three, this peacefully located entire-floor 60s apartment offers space, light and opportunity on the edge of everything that makes Elwood so desirable. Completely private and offering superb proportions and the potential for those seeking to make excellent gains in a sought-after neighbourhood, this light and bright two-bedroom haven ticks all the boxes for investors and first-home buyers alike. Superbly spacious, it offers an inviting living room bathed in natural light with a sunny west-facing balcony, a generously proportioned kitchen with a meals area and gas cooking and two generous bedrooms, each fitted with built-in robes. A retro bathroom with laundry facilities is perfectly functional yet provides exciting scope to update.
This brilliantly located apartment promises a vibrant lifestyle in one of Melbourne's most sought-after bay-side suburbs, a short walk to Glen Huntly Road and Ormond Village restaurants, cafes and boutiques, St Kilda's iconic entertainment precinct, Elwood's beautiful beach and parklands, and the ease of Brighton Road trams.
Property History for 1-3/12 Austin Ave, Elwood, VIC 3184
- 15 Mar 2023Listed for Sale $450,000 - $495,000
Recent sales nearby
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0About Elwood 3184
The size of Elwood is approximately 2.6 square kilometres. There are 14 parks, covering nearly 14.0% of the total area. The population of Elwood in 2016 was 15543 people. By 2021 the population was 15153 showing a population decline of 2.5% in the area during that time. The predominant age group in Elwood is 30-39 years. Households in Elwood are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elwood work in a professional occupation.In 2021, 46.90% of the homes in Elwood were owner-occupied compared with 41.90% in 2016.
Elwood has 10,295 properties. Over the last 5 years, Houses in Elwood have seen a -4.21% decrease in median value, while Units have seen a -0.43% decrease. As at 30 June 2026:
- The median value for Houses in Elwood is $2,221,265 while the median value for Units is $697,164.
- Houses have a median rent of $1,070 while Units have a median rent of $600.
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