2/198a Tennyson St, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 571m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in March 2015.
Secure your place in one of Melbourne's most coveted bayside suburbs with this solid, spacious & superbly located apartment, nestled on the first floor of a small mid-century corner block of just five. Whether you're a first home buyer seeking an exciting entry into the market or a savvy investor looking to expand your portfolio, this comfortable & immediately enjoyable residence also offers excellent scope to further enhance & add value over time. Bathed in natural light, the generously proportioned living & dining room leads to a sunny private balcony with leafy views. A neatly presented separate kitchen features a dishwasher, ample storage & space for a casual meals area. The accommodation comprises two good sized bedrooms with built in robes & tranquil green outlooks, serviced by a central bathroom with shower, bath & separate toilet. Other features include split system heating/cooling, a separate laundry, hallway storage, secure intercom entry & undercover off street parking for one car. Accessed via Burns Street, this brilliantly located abode offers an enviable Elwood lifestyle close to the vibrant cafes, popular restaurants & fabulous wine bars of Tennyson Street, Glen Huntly Road & Elwood Village, a choice of transport options, Yalukit Willam Nature Reserve, sporting & recreational facilities, Elwood Beach & Elwood Primary & Secondary Schools.
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 10,273 properties. Over the last 5 years, Houses in Elwood have seen a -2.82% decrease in median value, while Units have seen a 0.45% increase. As at 31 May 2026:
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