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1-4/47 Broadway, Elwood$4.40m
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1-4/47 Broadway

Elwood, VIC 3184, Australia
$4.30m – $4.50m
8 bed 4 bath 4 car765 m²

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About this property

Viewings available by private appointment. A rare and compelling opportunity in the heart of beachside Elwood, this exceptional block of four fully renovated apartments occupies a substantial allotment of approximately 765sqm, offering immediate income with outstanding future development potential (STCA), with concept plans for three townhouses. Set within a classic boutique block of four, each residence has been thoughtfully renovated to deliver modern comfort while retaining the timeless charm that defines Elwood living. Investors will appreciate the strong rental appeal and low-maintenance nature of the property, while developers and land-bankers will recognise the long-term upside offered by the generous landholding. Positioned in one of Elwood's most sought-after tree-lined streets, the property enjoys easy access to vibrant Elwood Village, cafés, parks, public transport and the foreshore, enhancing its appeal for both tenants and future redevelopment. Property Highlights Boutique block of four fully renovated apartments Substantial landholding of approximately 765sqm Prime Elwood location in a quiet, tree-lined street Strong investment potential with immediate rental income Future development potential (STCA) Close to the beach, Elwood Village, parks, schools and public transport Opportunities of this scale and flexibility in tightly held Elwood are increasingly rare. Whether you're seeking a blue-chip investment, strategic landholding or development opportunity, 47 Broadway, Elwood represents an exceptional offering in a premier bayside setting.

Property Details

Property Type
land
Listing Type
For Sale
Bedrooms
8
Bathrooms
4
Parking
4
Land Area
765 m²
Listed
3 months ago

Repayment calculator

$21,331/month
$10,666 /fortnight
Loan $3,520,000 at 6.10% over 30 years

Upfront costs

Deposit$880,000
Stamp duty$266,000
Conveyancing (est.)$2,000
Total upfront$1,148,000
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Elwood

This 8-bedroom land in Elwood, VIC 3184 sits within reach of public transport, local shops and nearby schools. It is listed 473% above the $767,500 median of 51 comparable landswithin 5 km.

Schools near Elwood

  • Yesodei HaTorah Collegecombined · Prep-12 · CoEd
  • Elwood Primary Schoolprimary · Prep-6 · CoEd
  • Elwood Collegesecondary · 7-12 · CoEd

What's nearby

  • Daley Street/Glen Huntly Road (bus)643 m away
  • Foodworks621 m away
  • School Park316 m away
  • W.E. Dickson Reservation439 m away
  • E C Mitty Reserve457 m away

Elwood at a glance

Full suburb profile
Population
15,153
Median age
38
Household income
$2,096/wk
Median rent
$415/wk
Median mortgage
$2,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Elwood price trend

Median sold · House 3 bed

Compound growth -2.2% / yr over 4 yrs

$1.84mcurrent median

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Price history

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1 price change recorded for this property

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