3/48 Spray Street, Elwood, VIC 3184 | Property Value & History | OnTheHouse
 
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3/48 Spray Street
Elwood VIC 3184

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 79m2
Land area: 797m2
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Last updated 18 May 2026
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Property Details for 3/48 Spray St, Elwood

3/48 Spray 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 797m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last transferred in April 2004.

Building Type
Unit
Year Built
1970
Floor Size
79m2
Land Size
797m2
Local Government
Port Phillip
Lot/Plan
14/RP3546

Last Listing description (December 2025)

Secure the coveted location in one of the best leafy streets in Elwood, love the lifestyle then enhance to suit - this front-facing apartment could just be the perfect value-add opportunity just one street back from the village.
With an elevated outlook from its first-floor position, the layout is bigger than many featuring a distinct entrance hall, high ceilings and plenty of natural light. The living and dining room is welcoming and spacious, kept comfortable thanks to split system heating and cooling, and with access out to a breezy balcony with appealing leafy outlooks. The functional kitchen and meals has plenty of space for additional dining or storage options.
Built-in robes are provided in both of the generous bedrooms that together share the bright bathroom which features a handy separate WC - access to the adjacent communal laundry (only shared with one other apartment) and an undercover car space round off the low maintenance package.

A comfortable base or rentable asset, there is so much unrealised potential in these four walls. Simply adding a luxe new kitchen and bathroom plus contemporary flooring would transform it into a stunning setting matched by a premier locale. Close to the canal banks for an easy walk down to beautiful beaches & the bay and within a stroll of Elwood Primary, it is also merely metres to shops, dining options and bus stops.

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Property History for 3/48 Spray St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Transferred
14 Apr 2004
Listed for Rent
$380/w
08 Feb 2017
  • 09 Nov 2023
    Listed for Sale $600,000 - $650,000
  • 03 Nov 2016
    Listed for Rent $380 / week
  • 16 Sep 2016
    Listed for Rent - Price not available
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About Elwood 3184

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 10,271 properties. Over the last 5 years, Houses in Elwood have seen a 0.20% increase in median value, while Units have seen a 2.44% increase. As at 30 April 2026:

  • The median value for Houses in Elwood is $2,183,934 while the median value for Units is $706,747.
  • Houses have a median rent of $1,120 while Units have a median rent of $595.
There are currently 22 properties listed for sale, and 17 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 600 properties were sold in the past 12 months in Elwood.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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