5/38 Ormond Road, Elwood, VIC 3184 | Property Value & History | OnTheHouse
 
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5/38 Ormond Road
Elwood VIC 3184

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 922m2
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Last updated 25 May 2026
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Property Details for 5/38 Ormond Rd, Elwood

5/38 Ormond Rd, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1930. The property has a land size of 922m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last transferred in September 2018.

Building Type
Unit
Year Built
1930
Floor Size
90m2
Land Size
922m2
Local Government
Port Phillip
Lot/Plan
5/PS433522

Last Listing description (April 2026)

Property is Unfurnished

Perfectly positioned in the vibrant heart of Elwood, this well-presented two-bedroom apartment offers a low-maintenance lifestyle just moments from the cafs, shops and amenities of Ormond Road.

Inside, the apartment features beautiful hardwood floorboards throughout and a light-filled living area complete with a split system for year-round heating and cooling. The modern kitchen is well appointed with newer appliances, including a dishwasher, making everyday living easy and practical.

Both bedrooms are well sized and serviced by a central bathroom, while a European laundry adds further convenience to the functional layout. A small private balcony provides a pleasant outdoor space to relax.

Additional benefits include one off-street car space located at the rear of the building

Enjoy an unbeatable lifestyle within walking distance of the cafs and shops of Elwood Village and the beautiful coastline of Elwood Beach.

Property Features:

Two bedrooms
Central bathroom
Modern kitchen with newer appliances and dishwasher
European laundry
Light-filled living area with split system heating and cooling
Hardwood floorboards throughout
Private balcony
One off-streetcar space at the rear (not numbered)

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Property History for 5/38 Ormond Rd, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Transferred
18 Sep 2018
Listed for Rent
$575/w
26 Apr 2023
  • 17 Mar 2026
    Listed for Rent $625 / week
  • 14 Apr 2023
    Listed for Rent $575 / week
  • 04 Aug 2021
    Listed for Rent $550 / week
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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 10,269 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.
There are currently 21 properties listed for sale, and 12 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 600 properties were sold in the past 12 months in Elwood.

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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.

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