1 Avoca Ave, Elwood is a 10 bedroom, 5 bathroom House with 1 parking spaces. The property has a land size of 369m2. While the property is not currently for sale or for rent, it was last sold in February 2001.
A unique & exciting offering for the astute investor or renovator, this solid-brick older-style block of five x two-bedroom apartments (all on one title) presents endless possibilities. With each apartment displaying the kind of generosity not usually found in today's newer offerings, there are options aplenty to retain 'as-is' in the short or long term, or with creative vision, convert &/or explore the potential to expand (STCA) into a modern-day boutique block. The scope is enormous. The four rear apartments comprise of large living rooms, kitchens with meals areas, two bedrooms with built-in robes, balconies, spacious bathrooms, washing machine facilities, separate toilets, secure intercom entry & ample off-street parking The separately accessed front apartment is the biggest in the complex & incorporates a huge L-shaped living & dining room, kitchen with casual meals, TV room/study, two bedrooms, bathroom, separate toilet, laundry, ducted heating, two car secure garage (with internal access to the front apartment) with separate lockable storage room & toilet & an oversized parking area. This outstanding opportunity is matched by its outstanding location, which is close to public transport, beautiful St Kilda Botanical gardens, fine cafes, bustling Acland Street & the beach.
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 10,271 properties. Over the last 5 years, Houses in Elwood have seen a 6.25% increase in median value, while Units have seen a 7.70% increase. As at 31 January 2026:
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