389 Barkly StreetElwood VIC 3184
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.
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*
Property History for 389 Barkly St, Elwood, VIC 3184
- 26 May 2023Listed for Sale Expressions of Interest
- 11 Dec 2020Sold for $4,600,000
- 26 Oct 2020Listed for Sale Under Offer
Recent sales nearby
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0About 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.
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