389 Barkly Street, Elwood, VIC 3184 | Property Value & History | OnTheHouse
 
OFF MARKET

389 Barkly Street
Elwood VIC 3184

Bedrooms: 12
Bathrooms: 4
Car spaces: 4
Land area: 888m2
Improve this data
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 2 Feb 2026
Low
High
Share
Save

Property Details for 389 Barkly St, Elwood

389 Barkly St, Elwood is a 12 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 888m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
Unit
Land Size
888m2
Local Government
Port Phillip
Lot/Plan
1/TP536086

Last Listing description (October 2023)

A golden opportunity to secure a one-of-a-kind piece of Elwood real estate in a prized beachside location.

This sensational allotment on 888sqm (approx.) with the bonus of dual street frontages comes complete with a classic Art Deco block that is home to four spacious 3-BR/1-Bath apartments. Typical of the era, beyond the appealing Art Deco fa?ade the light-filled apartments feature high ceilings, warm timber floors and generous rooms with each apartment also including onsite parking.

An exceptional investment providing a potential return of approximately $125,000 pa, there is the added option to take advantage of existing plans for two executive townhouses fronting Lytton Street that capitalise on the current 500sqm (approx.) of open garden space. Alternatively, consider the option to renovate within the existing block, convert the property into a grand family home, or create something totally unique on this oversized parcel of beachside land (STCA).

Located just metres to parklands, the stunning foreshore precinct and Elwood beach, this premium position is close to all the dining options and boutiques on both Ormond Road and Acland Street, as well as being within close proximity to a wonderful selection of public transport.

A land parcel of this size with unrivalled opportunity and limitless potential, this Blue Chip location offers an exclusive package that should not be missed.

*Permits for the current plans are pending approval - please contact agents for further detail*

*Flexible Settlement Terms Available*

Show More

Property History for 389 Barkly St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$4,600,000
11 Dec 2020
  • 26 May 2023
    Listed for Sale Expressions of Interest
  • 11 Dec 2020
    Sold for $4,600,000
  • 26 Oct 2020
    Listed for Sale Under Offer
Sign in to see more transactions
Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 10,272 properties. Over the last 5 years, Houses in Elwood have seen a 6.25% increase in median value, while Units have seen a 7.70% increase. As at 31 January 2026:

  • The median value for Houses in Elwood is $2,262,331 while the median value for Units is $702,645.
  • Houses have a median rent of $630 while Units have a median rent of $580.
There are currently 16 properties listed for sale, and 7 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 593 properties were sold in the past 12 months in Elwood.

Elwood Profile Page

Suburb Insights for Elwood 3184

Visit Elwood profile page
Market Insights
Elwood Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Elwood Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Elwood profile page
Cotality Copyright and Legal Disclaimers about Property Data

© 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.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED