5/48 Spray Street, Elwood, VIC 3184 | Property Value & History | OnTheHouse
 
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5/48 Spray Street
Elwood VIC 3184

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 797m2
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Last updated 2 Feb 2026
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Property Details for 5/48 Spray St, Elwood

5/48 Spray St, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 797m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in October 2024.

Building Type
Unit
Year Built
1970
Floor Size
78m2
Land Size
797m2
Local Government
Port Phillip
Lot/Plan
12/RP3546

Last Listing description (November 2024)

Unlock the potential of this charming 2-bedroom apartment nestled in the heart of Elwood, Victoria. Ideal for savvy renovators and those seeking a creative project, this property presents an incredible opportunity to design your dream space in one of Melbourne's most coveted suburbs.

Located in a prime spot, this apartment offers the best of Elwood's vibrant lifestyle. With cafes, shops, and the beach just moments away, you'll enjoy the perfect blend of relaxation and urban living. The spacious 2-bedroom layout provides generous room for customization, giving you the freedom to create your ideal home.

Flooded with natural light, the interiors are warm and inviting, offering a bright atmosphere that's just waiting to be transformed. This property is a blank canvas for those looking to express their personal style, with endless potential for renovation. Whether you're modernising or restoring to classic charm, the possibilities are endless.

For investors, this apartment represents an exceptional opportunity. The property is positioned in a highly sought-after area with excellent potential for capital growth. Convenience is also key, with easy access to public transport, nearby schools, and beautiful local parks.
Whether you're a first-time buyer or an investor, this renovator's delight in Elwood is the perfect chance to add significant value and create your dream home.

Don't miss this rare opportunity to transform a 2-bedroom apartment into your own slice of Elwood paradise. Contact us today to arrange a viewing and explore the endless possibilities this property has to offer.

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Property History for 5/48 Spray St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$604,000
18 Oct 2024
Listed for Rent
$390/w
30 Sep 2022
  • 18 Oct 2024
    Sold for $604,000
  • 02 Oct 2024
    Listed for Sale $530,000 - $580,000
  • 16 Sep 2022
    Listed for Rent $390 / week
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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 10,272 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 17 properties listed for sale, and 7 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 594 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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