5/3 Alfriston St, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 2 bedroom Unit sold in Elwood in the last 12 months.
Tucked away within a boutique block of only eight, this peaceful first-floor apartment captures the essence of sun-soaked Elwood living, defined by generous proportions, leafy outlooks and a prized north-facing orientation. An elevated living room opens to a wide balcony that basks in full northern light, offering sweeping rooftop vistas and a seamless connection to the outdoors.
A large contemporary kitchen with stone benchtops, stainless-steel appliances and a breakfast bar integrate effortlessly with the living zone, creating an inviting open plan feel complemented by space for casual dining. Two double bedrooms with built-in robes enjoy tranquil leafy views and are supported by a sleek central bathroom featuring a separate shower, laundry facilities and an additional separate WC.
Bamboo timber floors, split-system heating and cooling, undercover off-street parking and a separate storage room further enhance the homes comfort and practicality. Perfectly positioned, youre moments from Ripponlea and Balaclava Stations, Brighton Road trams, popular cafs and wine bars, leafy parks and the bay. With superb proximity to the CBD and Melbournes major event precincts, it presents a compelling chance to enter the tightly held Elwood market and a superb opportunity for homebuyers or investors seeking lifestyle excellence in a coveted location.
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 10,273 properties. Over the last 5 years, Houses in Elwood have seen a -2.82% decrease in median value, while Units have seen a 0.45% increase. As at 31 May 2026:
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