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15/93 Ormond Road, Elwood VIC 3184

$400,000 - $430,000

Search Band Search Visibility Band

$400k - $450k High Confidence Calculated based on strong search observations.

Apartment 1 Bed 1 Bath 1 Car

Listed: yesterday

Overview

This well-situated one-bedroom apartment offers a rare opportunity to invest in the vibrant heart of Elwood Village, perfectly combining the charm of bayside living with exceptional convenience.

Residents enjoy immediate access to a diverse selection of cafés, restaurants, and specialty shops, fostering a lively community atmosphere just steps from their doorstep. The close proximity to Elwood Beach enriches the lifestyle appeal for those seeking leisure and outdoor activities, providing an inviting coastal retreat.

The apartment itself presents a functional and comfortable living space ideal for first-home buyers, singles, or investors targeting tenants who value location and lifestyle. With a secure parking space included, the property addresses important practical needs often sought in bayside living environments.

Investors will appreciate the enduring appeal of this village setting, particularly given its accessibility and the natural draw of Elwood’s seaside charm, positioning the property as a strong candidate for steady rental demand.

Local Market Insights

In Elwood, Quiet Listings observed 23 new apartments entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $806,196. The property type mix of listed properties is predominantly Apartments at 53%, followed by houses (28%), and townhouses (12%). The most active agency for apartments in the Elwood area is currently Jellis Craig, representing 48% of new listings, followed by Belle Property 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.