SOLD
Sold on 22 Jun 2024 for $710,000

4/50 Ormond Road
Elwood VIC 3184

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 21m2
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Property Details for 4/50 Ormond Rd, Elwood

4/50 Ormond Rd, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 21m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Elwood in the last 12 months.

Building Type
Unit
Year Built
2007
Floor Size
70m2
Land Size
21m2
Local Government
Port Phillip
Lot/Plan
4/PS608011

Last Listing description (August 2024)

In peaceful seclusion at the rear of the block, this enticing open-plan private 2 bedroom ground floor security apartment with undercover parking highlights a state of complete calm in its decked garden oasis.

Equipped with an exclusive entry gate through to the courtyard garden with its extensive space to entertain on the secluded deck, this serene apartment features a wide entrance with European laundry, an open plan living and dining area with a sliding glass door to the courtyard, a modern kitchen with Smeg stainless steel cooking appliances and abundant storage, 2 good size bedrooms with built in robes and a smart fully tiled bathroom.

Your personal space to retreat from the action, this lifestyle hideaway is complemented with reverse cycle air conditioning, security doors/grills, an intercom, instant hot water, a storage shed and undercover parking.

On the edge of Elwood Village, a heartbeat to your favourite cafes, trendy eateries, wine bars, health food stores, fitness studios and bus services, while excitingly close to Elsternwick Park, Elwood Beach and Point Ormond Lookout.

Property History for 4/50 Ormond Rd, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$710,000
22 Jun 2024
Listed for Rent
$490/w
17 Sep 2021
  • 22 Jun 2024
    Sold for $710,000
  • 29 May 2024
    Listed for Sale Not Disclosed
  • 09 Sep 2021
    Listed for Rent $490 / 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 10,225 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 16 properties listed for sale, and 15 properties listed for rent in Elwood on OnTheHouse. According to CoreLogic's data, 502 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.