2/5 Milton St, Elwood is a 2 bedroom, 1 bathroom Unit and was built in 1965. The property has a land size of 725m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
With a stylish & spacious updated interior, this low-maintenance, perfectly positioned apartment presents a fantastic opportunity for first-home buyers or astute investors wanting to enter this sought-after Elwood location. Boasting a spacious open-plan living & dining lined with floorboards & access to the private garden-level balcony, updated modern kitchen fitted with oven, gas cooktop & dishwasher, two spacious bedrooms with built-in robes & a contemporary bathroom with shower-over-bath, laundry taps, separate toilet & secure intercom-monitored entry. Walking distance to Brighton Road Village, St Kilda Botanical Gardens, Ripponlea Village, Chapel Street & the stunning Elwood foreshore, this inner-city gem provides the perfect home base in this most sought-after of spots.
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 10,273 properties. Over the last 5 years, Houses in Elwood have seen a 7.50% increase in median value, while Units have seen a 6.42% increase. As at 31 December 2025:
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