5/1 Ormond Esplanade, Elwood, VIC 3184 | Property Value & History | OnTheHouse
OFF MARKET

5/1 Ormond Esplanade
Elwood VIC 3184

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 163m2
Land area: 470m2
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Property Details for 5/1 Ormond Esp, Elwood

5/1 Ormond Esp, Elwood is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 470m2 and floor size of 163m2. While the property is not currently for sale or for rent, it was last transferred in June 2026.

Building Type
Unit
Year Built
1997
Floor Size
163m2
Land Size
470m2
Local Government
Port Phillip
Lot/Plan
5/PS403497

Last Listing description (September 2026)

Positioned opposite Elwood Beach, this exceptional three-bedroom residence captures uninterrupted views across Port Phillip Bay and the Melbourne skyline from one of Elwood's most tightly held beachfront addresses. Spanning two levels, the home offers expansive open-plan living, quality finishes throughout and two generous terraces that make the most of the remarkable outlook. Combining space, flexibility and an unbeatable location, this is a rare leasing opportunity. Three bedrooms with built-in robes Two renovated bathrooms Spacious open-plan living and dining area Large entertainer's balcony with panoramic bay and city views Second private terrace adjoining the first level retreat Well-appointed kitchen with stone island, gas cooking and dishwasher Separate upstairs retreat with kitchenette Hardwood timber flooring throughout living areas Split system heating and cooling Secure car space Water usage included in the rent - no water bills to pay Opposite Elwood Beach, with cafs, parks and Elwood Village all within easy reach*Please ensure you register your details if you intend on attending a scheduled open home. Open homes with no registration will be cancelled. Register on realestate.com.au "add to plan and register" option, Domain "contact" option and provide name and phone number.

Property History for 5/1 Ormond Esp, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Transferred
18 Jun 2026
Listed for Rent
$575/w
01 May 2008
  • 29 Aug 2026
    Listed for Rent $1,350 / week
  • 18 Jun 2026
    Transferred
  • 18 Nov 2010
    Sold for $864,600
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About Elwood 3184

The size of Elwood is approximately 2.6 square kilometres. There are 14 parks, covering nearly 14.0% of the 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 10,294 properties. Over the last 5 years, Houses in Elwood have seen a -10.89% decrease in median value, while Units have seen a -5.80% decrease. As at 31 August 2026:

  • The median value for Houses in Elwood is $2,146,491 while the median value for Units is $675,339.
  • Houses have a median rent of $1,100 while Units have a median rent of $600.
There are currently 15 properties listed for sale, and 15 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 610 properties were sold in the past 12 months in Elwood.

Suburb Insights for Elwood 3184

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Cotality Copyright and Legal Disclaimers about Property Data
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.