7/48 Milton St, Elwood is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 719m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 3 bedroom Unit sold in Elwood in the last 12 months.
Situated on the 2nd floor, this spacious and light apartment is set in a wonderful location with the CBD and beach only a short distance away. Offering 3 great sized bedrooms, all with built in robes and carpet, attractive kitchen with gas cook top, dishwasher and plenty of storage, separate living and dining areas which are floor boarded throughout, central bathroom with separate bath, shower and toilet, laundry with 2nd toilet and dryer mounted to wall. Features include: heating/cooling, sunny balcony and one off street park.
Only a short stroll to cafes, shops, tram and beach. Close to Balaclava train station and shopping/caf district. This property really has everything to offer!
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 6.25% increase in median value, while Units have seen a 7.70% increase. As at 31 January 2026:
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