5/71 Ormond RoadElwood VIC 3184
Property Details for 5/71 Ormond Rd, Elwood
5/71 Ormond Rd, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1935. The property has a land size of 1202m2 and floor size of 94m2.
Last Listing description (November 2020)
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Brimming with charm, character and modern appeal, this generous residence is well proportioned throughout and quietly set to the rear of a beautiful period-style building. It combines retained original features, smart updates and a whisper quiet position to deliver an excellent low-maintenance apartment in the heart of Elwood. Step out the front door and its short strolling distance to the beach, as well as all of Ormond Road shops, cafes and transport to the city.
A well-proportioned layout with open lounge and dining areas. High decorative ceilings, ornate details and an original fireplace. Two bedrooms include a huge master with a built-in wardrobe. Good-sized second bedroom/home office ideal to work from home. Well-appointed stone kitchen with gas cooktop and dishwasher. Renovated bathroom plus a private balcony and lock-up garage. In the attractive 'Surry Court' building with lush landscaped grounds.
Please note this property has a company share title. Prospective buyers who are borrowing to purchase this property should ascertain if they are able to obtain finance approval for this type of title.
What is a company title? Below is an extract form the consumer affairs website:
Under company title, a property does not have a plan of subdivision but comprises a number of units. A company title corporation, established under the Corporations Act 2001, is the registered proprietor of the entire property (land and buildings). Buying shares in the corporation entitles each shareholder to exclusive use and occupation of a unit, and shared use of any common property.
Property History for 5/71 Ormond Rd, Elwood, VIC 3184
- 04 Nov 2020Listed for Sale $690,000 - $730,000
- 13 Nov 2017Listed for Sale $600,000 - $640,000
- 16 Oct 2014Listed for Rent $460 / week
Recent sales nearby
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0About 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 10,273 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.
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