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22/131 Glen Huntly Road, Elwood VIC 3184

$230,000-$250,000

Search Band Search Visibility Band

$250k - $300k High Confidence Calculated based on strong search observations.

Apartment 1 Bed 1 Bath 31 m²

Listed: 2 days ago

Overview

This one-bedroom studio apartment offers a bright and inviting open-plan living space, suffused with natural light and enhanced by a pleasant leafy outlook. Its carpeted floors and gas cooking facilities contribute to a comfortable, low-maintenance lifestyle.

Situated in the highly desirable beachside suburb of Elwood, the location provides easy access to open coastal spaces at Elwood Beach and the myriad of local shops and cafes at Elwood Village, ideal for those appreciating a relaxed, outdoor-oriented lifestyle.

The property's proximity to public transportation—approximately a 10-minute walk to the train station—offers convenient connectivity to Melbourne CBD and neighbouring suburbs, making it appealing for professionals and investors seeking assured tenant demand.

An excellent entry point into the market with approximately 31 square metres of functional living area, this apartment presents a practical purchase for both first-home buyers and astute investors. The potential for rental income estimated around $400 per week further enhances its investment value, subject to current market conditions.

Overall, this apartment combines affordability, location, and lifestyle advantages, catering well to singles or couples new to the market or adding a strategic asset to their investment portfolio.

Local Market Insights

In Elwood, Quiet Listings observed 25 new apartments entering the market over the last 30 days, up from 16 during the previous 30-day period, with an average advertised asking price of $746,900. The property type mix of listed properties is predominantly Apartments at 57%, followed by houses (25%), and townhouses (11%). The most active agency for apartments in the Elwood area is currently Jellis Craig, representing 44% of new listings, followed by Belle Property with 32%. 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.