242 Old Eltham Rd, Lower Plenty is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 794m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Positioned to make the most of a 791m2 corner allotment, on the high side of the original road to Eltham (now a little travelled, quiet treelined street), this brilliant example of 50's minimalism design offers an enticing opportunity for an inspired, sympathetic rejuvenation, a fabulous blending of the classic and contemporary or an increasingly rare option to start afresh.
Not only does a preferred north facing orientation bring passive solar benefits, but it also ensures the entertainer's deck, elevated for a treed outlook, and the large lounge anchored by an open fireplace enjoy abundant, natural light all year round.
Stretching out from the mainly original but very serviceable kitchen is a meals area, while the three bedrooms, thoughtfully zoned away from the living spaces, all have easy access to a sleek contemporary bathroom.
Complementing the main residence is a separate outbuilding ready to be upgraded to provide space as teen accommodation, a studio or a home office.
Vehicle entry via a quiet cul-de-sac through two crossover points adds to the appeal and ease of a double carport while providing plenty of extra space for off-street parking.
Central to Lower Plenty and Bolton street villages, the environs along the Yarra, acres of parklands and the centre of Eltham, it has held a cherished place in the heart of one family for decades. Now it's your turn to create a modern masterpiece for a new generation.
Fresh paint, new carpet, split system climate control, repolished timber floors, new stumps, super insulation, and LED lighting throughout ensure you have plenty of time to decide what the future holds!
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The size of Lower Plenty is approximately 6.8 square kilometres. It has 16 parks covering nearly 17.5% of total area. The population of Lower Plenty in 2016 was 3891 people. By 2021 the population was 3962 showing a population growth of 1.8% in the area during that time. The predominant age group in Lower Plenty is 40-49 years. Households in Lower Plenty are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lower Plenty work in a professional occupation.In 2021, 83.30% of the homes in Lower Plenty were owner-occupied compared with 80.10% in 2016.
Lower Plenty has 2,001 properties. Over the last 5 years, Houses in Lower Plenty have seen a 33.69% increase in median value, while Units have seen a 20.86% increase. As at 30 November 2025:
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