1/41 Milton St, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 2 bedroom Unit sold in Elwood in the last 12 months.
Expression of Interest - Closing Tuesday 9th September at 3pmThis enchanting ground floor apartment in the heart of Elwood is one of only 4 in "Southey Court" an iconic Art Deco double brick building dating from 1925.The serene interior features large rooms with high ceilings and stunning original features including decorative plasterwork, leadlight windows and warm timber floors. A property that offers a wonderful lifestyle residence or high quality investment. The apartment is entered from Milton Street via a private and secure front porch with lockable storage, this spacious 2 bedroom home features an impressive entrance hall dividing the oversized master bedroom from the lounge. The master bedroom features built-in wardrobes and looks out to a hedged front garden. Original double glass doors lead from the entrance hall into an impressive lounge which centres around a cosy open fireplace. A large second bedroom also provides access to an enclosed sunroom or study which along with the lounge captures the morning sun and with a calming leafy outlook. The deco themed and updated bathroom has a shower and separate toilet. The character filled kitchen still features the original timber cabinets and pantry with a mantlepiece and stainless steel upright stove. Walk through the kitchen to the laundry and out into a shared paved outdoor area with an imposing mature palm tree. A car park on title complete the property.Perfectly positioned just a stroll to Jerry's Milkbar and Acland Street restaurants and shops, this desirable property is also walking distance to St Kilda Botanical Gardens, Elwood and St Kilda Beaches and nearby buses, trams and Ripponlea Train Station.
The size of Elwood is approximately 2.6 square kilometres. It has 14 parks covering nearly 14.0% of 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 10,272 properties. Over the last 5 years, Houses in Elwood have seen a 17.15% increase in median value, while Units have seen a 8.88% increase. As at 31 October 2025:
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