8/5 Milton 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 725m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
Set in a quiet boutique block, this two-bedroom apartment nails the balance of light, layout, and location, making it a strong choice for first-home buyers kickstarting their property journey or investors looking for something with long-term appeal.
A central hallway creates a sense of separation between all the rooms, with double doors opening into a spacious living and dining room flooded with natural light. The adjoining north-facing balcony adds extra space and sun.
The kitchen, positioned opposite the living zone, includes a meals area, gas cooktop, wall oven and dishwasher. At the rear, two bedrooms with built-in robes are serviced by an updated bathroom featuring a shower-over-bath, modern vanity with generous storage, and a separate toilet. There are also laundry facilities and an off-street car space, and a layout that just makes sense.
Within walking distance to Brighton Road trams, Ripponlea Village and Station, Elwood Village, St Kilda Botanical Gardens, the beach, and all the energy of Carlisle, Acland, and Chapel Streets, the location speaks for itself.
Low maintenance, high function, and right where you want to be.
Disclaimer:
All information provided, including floorplans, room dimensions, and land size, is indicative only and intended for general guidance. Belle Property does not guarantee the accuracy or completeness of any plans, illustrations, or representations shown in marketing materials. We recommend that all prospective buyers conduct their own research, seek independent advice, and confirm all details independently prior to making any property-related decisions. Belle Property accepts no responsibility for any discrepancies or misstatements.
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 10,270 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:
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