SOLD
Sold on 14 Mar 2024 for $460,000

5/9 Southey Street
Elwood VIC 3184

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 40m2
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Property Details for 5/9 Southey St, Elwood

5/9 Southey St, Elwood is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1950. The property has a floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Elwood in the last 12 months.

Building Type
Unit
Year Built
1950
Floor Size
40m2
Local Government
Port Phillip
Lot/Plan
5/PS316255

Last Listing description (April 2024)

Be dazzled by the spacious wrap around courtyard and charmed by the iconic Deansgate building this Georgian Style Revival one bedroom apartment is situated in. Close to the serene Botanical Gardens of St Kilda and tucked between the stunning Elwood beach/foreshore and Acland Street shops with its bustle and vibe, this property is set in a tree lined street perfect for morning walks.

A open living/dining room, kitchen with contemporary stainless-steel oven and ceramic cooktop, a bedroom and ensuite tiled bathroom, the inside of the apartment beautifully merges with the outdoor surrounds, where the lure to chill and entertain is heightened by the sheer enormity of the space.

The apartment features:

- 2 Car parks
- Brand new cook top
- Brand new water heater
- A recently installed heater
- In built shelving
- Intercom entry
- Shed
- Apartment has been freshly painted

The approximate rental return is between $440 to $480 per week

The annual administrative levy fees are approximately $1,710 per annum
The annual maintenance levy fees are approximately $380 per annum

Property History for 5/9 Southey St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$460,000
14 Mar 2024
Listed for Rent
$390/w
06 Jun 2020
  • 14 Mar 2024
    Sold for $460,000
  • 08 Mar 2024
    Listed for Sale $430,000 to $460,000
  • 27 May 2020
    Listed for Rent $382 / 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 10,117 properties. Over the last 5 years, Houses in Elwood have seen a 2.81% increase in median value, while Units have seen a 1.73% increase. As at 31 October 2024:

  • The median value for Houses in Elwood is $2,090,299 while the median value for Units is $672,005.
  • Houses have a median rent of $695 while Units have a median rent of $550.
There are currently 15 properties listed for sale, and 10 properties listed for rent in Elwood on OnTheHouse. According to CoreLogic's data, 486 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.