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Overview
This property on Hennessy Avenue presents a significant opportunity in the tightly held Elwood neighborhood, with only two sales over the past 17 years highlighting its rarity. Set on a substantial 513 square meter block, this three-bedroom house offers extensive space both inside and out, giving the discerning buyer the option to renovate the existing structure or pursue a full rebuild.
The current home features generously sized bedrooms and a large backyard, perfect for those seeking outdoor living or future extensions. Central heating adds year-round comfort, complemented by the inclusion of a garage with space for three vehicles, catering well to families or those who value secure parking.
Location enhances the appeal, with quick access to several vibrant shopping precincts such as Ormond Road and Balaclava Shops, and the leisure options of Acland Street’s dining scene and beachside lifestyle just a short stroll away. Nearby St Kilda Gardens provide a peaceful natural escape, while public transport ensures convenient connectivity.
This property will appeal to renovators and builders looking to establish a unique home in a coveted locale, combining lifestyle benefits with growth potential.
Local Market Insights
In Elwood, Quiet Listings observed 9 new houses entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $2,333,333. The property type mix of listed properties is predominantly Apartments at 60%, followed by houses (26%), and units (9%). The most active agency for houses in the Elwood area is currently Jellis Craig, representing 56% of new listings, followed by Buxton Real Estate Group with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
This property has had 8 previous open for inspections. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.
Location
Market Insights for Elwood VIC 3184
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