FOR SALE
Asking Price $2,350,000

132-134 Glen Huntly Road
Elwood VIC 3184

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
Land area: 643m2
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RARE 643 SQM* LANDHOLDING WITHIN NOTABLE ELWOOD

Ray White Mount Waverley is pleased to present for sale 132-134 Glen Huntly Road, Elwood, a permit approved development site for 6 luxury townhouses.
Situated on a rectangular landholding, the property has a total frontage of 17 m* to Glen Huntly Road.
The key highlights of the opportunity include:
- 643 sqm* landholding with a total frontage of 17 m* to Glen Huntly Road
- Two (2) existing residential dwellings on the property which provide strong holding income. Ability to renovate and value-add opportunities
- Affluent and high demand suburb with a median house price of $2,400,000**
- Permit approved for six (6) luxury townhouses
- Situated only a short distance from Glen Huntly retail strip, that includes a Coles, Officeworks, Commonwealth bank and further retail options
- Public transport options include Elsternwick train station (850 m*) and multiple bus routes on Glen Huntly Road
- In close proximity to Elsternwick Park Oval (250 m*), Elwood Primary School (250 m*), Elwood College (450 m*) and Elwood Beach (850 m*)
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Property Details for 132-134 Glen Huntly Rd, Elwood

132-134 Glen Huntly Rd, Elwood is a 4 bedroom, 2 bathroom Other with 3 parking spaces. The property has a land size of 643m2. The place is currently for sale with Ray White Mount Waverley.

Building Type
Other
Land Size
643m2

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About Elwood 3184

The size of Elwood is approximately 2.6 square kilometres. It has 14 parks covering nearly 14% of total area. The population of Elwood in 2011 was 14,637 people. By 2016 the population was 15,548 showing a population growth of 6.2% 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 2011, 42.4% of the homes in Elwood were owner-occupied compared with 41.9% in 2016.

Elwood has 10,161 properties. Over the last 5 years, Houses in Elwood have seen a 5.40% increase in median value, while Units have seen a 1.08% increase. As at 30 September 2024:

  • The median value for Houses in Elwood is $2,127,008 while the median value for Units is $668,000.
  • Houses have a median rent of $738 while Units have a median rent of $540.
There are currently 16 properties listed for sale, and 10 properties listed for rent in Elwood on OnTheHouse. According to CoreLogic's data, 497 properties were sold in the past 12 months in Elwood.

Suburb Insights for Elwood 3184

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Jacob Biviano
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Courtney Matthews
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Ray White Mount Waverley
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.