Teska Carson is pleased to present 124 Glen Huntly Road, Elwood for sale by Expressions of Interest closing Wednesday 24th June at 3pm.Located in a fantastic tree lined street of Elwood, 124 Glen Huntly Road offers an opportunity to acquire a well-positioned apartment block in a premium and sought after bayside suburb, ideally suiting investors, value-add buyers and developers.Key attributes of this offering include:- Comprising 6 x two-bedroom and 6 x one-bedroom units over three levels with on-site parking accessible off Glen Huntly Road and R.O.W.- 735sqm* of valuable land with zoning General Residential (GRZ).- Fully leased returning $205,416 per annum, with all leases on monthly overholding arrangements, providing immediate rental reversion opportunity.- Situated a short walk from Elsternwick Park as well as 600 metres from both Glen Huntly Road and Ormond Roads highly sought after and populated Shopping Village, comprising an array of shops, cafes and restaurants.- Close proximity to public transport, Elsternwick Station (1km) Glen Huntly Road Bus 246 directly outside, all whilst being 10km from Melbournes CBD.- Brilliant bayside location, with Elwood Beach under 1.2km away.- Nearby arterial routes include Nepean Highway and St Kilda Street.For further information do not hesitate to contact Luke or ReeceLuke Bisset - 0400 344 211Reece Israel - 0433 572 343*approx.
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:
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