SOLD
Sold on 20 Apr 2024 for $540,000

3/48 Milton Street
Elwood VIC 3184

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 86m2
Sold By
Gary Peer & Associates St Kilda
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Property Details for 3/48 Milton St, Elwood

3/48 Milton St, Elwood is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Elwood in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
86m2
Local Government
Port Phillip
Lot/Plan
3/PS511493

Last Listing description (April 2024)

Don't miss out on your opportunity to snap up the vibrant bayside lifestyle you've always dreamed of. Peacefully tucked away in a well maintained block in the heart of Elwood, this light & bright, immaculately presented ground floor apartment sets the tone for a fabulous lifestyle. In fact, it's more than just a place to live, it's an amazing lifestyle opportunity too & while extremely comfortable as is, also presents exciting scope to further modernise should you choose! This great find would ideally suit first home buyers wanting to break into the market or savvy investors seeking high rent returns. A tiled entrance hallway with storage greets you on entry & delivers a generously proportioned living room enjoying access to a sun drenched balcony terrace & a functional spacious kitchen with ample storage & space for meals area. Also featuring two good sized carpeted bedrooms with built-in robes, a sparkling fully tiled central bathroom with bath, shower, laundry facilities & a separate toilet. Other features include secure intercom entry, split system heating/air conditioning & off street parking at the rear for one car. Ideally located for a hassle free lifestyle of convenience close to St Kilda Botanical Gardens, transport, the beach & vibrant Acland Street & Elwood's shops & cafes.

Property History for 3/48 Milton St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$540,000
20 Apr 2024
Listed for Rent
$330/w
11 Dec 2021
  • 20 Apr 2024
    Sold for $540,000
  • 26 Mar 2024
    Listed for Sale $500,000 - $530,000
  • 05 Nov 2021
    Listed for Rent $330 / week
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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 10,216 properties. Over the last 5 years, Houses in Elwood have seen a 18.69% increase in median value, while Units have seen a 4.54% increase. As at 31 August 2024:

  • The median value for Houses in Elwood is $2,234,169 while the median value for Units is $670,575.
  • Houses have a median rent of $750 while Units have a median rent of $540.
There are currently 14 properties listed for sale, and 9 properties listed for rent in Elwood on OnTheHouse. According to CoreLogic's data, 495 properties were sold in the past 12 months in Elwood.

Suburb Insights for Elwood 3184

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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.