3/45 Ormond Esp, Elwood is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 1073m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in May 2020.
A great opportunity for first home buyers/renovators/investors or downsizers to add their creative flair and create the ultimate beachside apartment. Enjoying some bay views and perfectly positioned at the rear of the block with an abundance of space, light and potential. The bones are excellent, starting with the floor plan which offers 3 spacious bedrooms all with robes, 2 bathrooms, generous kitchen, two living zones and separate laundry. Add undercover off-street parking for two cars and a block of only 10 to that mix and you have a real opportunity to add value to this sleeping beauty. Literally opposite the beach and just minutes to Elwood Village, transport and sporting clubs. Feel the sand on your feet within seconds.
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 10,278 properties. Over the last 5 years, Houses in Elwood have seen a -0.38% decrease in median value, while Units have seen a 3.91% increase. As at 31 March 2026:
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