2/40 Southey Street, Elwood, VIC 3184 | Property Value & History | OnTheHouse
OFF MARKET

2/40 Southey Street
Elwood VIC 3184

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 546m2
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Last updated 31 Aug 2026
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Property Details for 2/40 Southey St, Elwood

2/40 Southey St, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1962. The property has a land size of 546m2 and floor size of 72m2.

Building Type
Unit
Year Built
1962
Floor Size
72m2
Land Size
546m2
Local Government
Port Phillip

Last Listing description (August 2025)

Meticulously presented is this house-sized large ground floor residence in quiet complex of only 6 apartments and long-term neighbours.Featuring:- Entry hall with built in cupboard- Huge lounge room with split system adjoining to huge separate dining room- 2 large bedrooms (master with BIRS),- Recently renovated kitchen with stainless appliances and European style laundry- Bathroom with shower over bath- Separate toilet- Split system air conditioning- Polished floorboards throughout- Security entrance foyerEasy walk to Tennyson Street, Brighton Road, Acland Street shops, St Kilda Botanical Gardens, entertainment venues, the beach, trams and fantastic cafes.Whilst every care is taken, Wilson Agents will not be held liable for any misprints of this advertisement and the applicant/s acknowledge that in applying for the property they are accepting the premises in the condition in which they viewed the home.For scheduled inspections, please use the "BOOK AN INSPECTION" or "EMAIL THE AGENT" buttons and we will contact you to arrange a suitable time.

Property History for 2/40 Southey St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Listed for Rent
$635/w
06 Aug 2025
  • 30 Jul 2024
    Listed for Rent $635 / week
  • 10 May 2023
    Listed for Rent $550 / week
  • 11 Aug 2015
    Listed for Rent - Price not available
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About 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 10,300 properties. Over the last 5 years, Houses in Elwood have seen a -8.65% decrease in median value, while Units have seen a -3.28% decrease. As at 31 July 2026:

  • The median value for Houses in Elwood is $2,160,175 while the median value for Units is $688,145.
  • Houses have a median rent of $1,100 while Units have a median rent of $600.
There are currently 13 properties listed for sale, and 14 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 612 properties were sold in the past 12 months in Elwood.

Suburb Insights for Elwood 3184

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.