42 Wave Street, Elwood, VIC 3184 | Property Value & History | OnTheHouse
 
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42 Wave Street
Elwood VIC 3184

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 152m2
Land area: 549m2
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Last updated 19 Jan 2026
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Property Details for 42 Wave St, Elwood

42 Wave St, Elwood is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1920. The property has a land size of 549m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in April 2018.

Building Type
House
Year Built
1920
Floor Size
152m2
Land Size
549m2
Local Government
Port Phillip
Lot/Plan
1/TP343475

Last Listing description (August 2018)

Stroll to Elwood beach or pop around the corner to Ormond Rd's vibrant caf's, bars, restaurants and boutiques.
Beautiful light-filled Californian Bungalow in a spectacular location, with garden views from every room. This inviting family home has been lovingly restored and renovated with contemporary finishes throughout, by its designer owners.
Generous leafy front garden and reserve opposite provide tranquil views from master bedroom, living room and front veranda.

Period details include original fireplaces, high ornate ceilings, art deco lights, leadlight windows, double doors, wood panelling and polished floorboards throughout.
Large back veranda is perfect for relaxed outdoor entertaining, with north facing rear garden and views to majestic gum trees along Elster Creek Reserve.
Features 3 bedrooms and living room, or alternatively 2 bedrooms and 2 living areas, 2 bathrooms, spacious dining area and fabulous kitchen with fully integrated European appliances, including Leibherr refrigerator.
The property boasts a separate studio/home office and driveway parking for 3 cars.

Features:
- Wide entry hall via double doors
- 3 double bedrooms or 2 bedrooms and 2 fabulous living areas
- Master bedroom with fireplace and bay window overlooking front garden
- Original period details and fireplaces with gas log fires throughout
- Wonderfully big main bathroom with luxurious freestanding bath and separate shower with frameless shower screen
- Second bathroom
- Separate laundry
- Huge back veranda for outdoor entertaining
- North facing rear garden
- Separate studio/home office/3-4th bedroom/or teenage retreat
- Driveway parking for 3 cars
- Land size 550 sq m (approx)
- Close to Elwood Beach, Ormond Rd Village, Shops, Elwood Primary, Elwood College, Elster Creek Reserve and Elsternwick Park
- No heritage overlay
- 548m2 approx

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Property History for 42 Wave St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$2,451,000
24 Apr 2018
  • 24 Apr 2018
    Sold for $2,451,000
  • 02 Feb 2018
    Listed for Sale Not Disclosed
  • 21 Mar 1998
    Sold for $395,000
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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 10,273 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:

  • The median value for Houses in Elwood is $2,279,837 while the median value for Units is $710,695.
  • Houses have a median rent of $625 while Units have a median rent of $580.
There are currently 13 properties listed for sale, and 8 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 585 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.

Disclaimer
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