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6/45 Shelley Street, Elwood$330,000

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Soldapartment

6/45 Shelley Street

Elwood, VIC 3184, Australia

$330,000

1 bed 1 car37 m²

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Property Details

Property Type: apartment
Listing Type: Sold
Bedrooms: 1
Parking: 1
Land Area: 37 m²
Listed: 3 months ago

Repayment calculator

$1,600/month

$800 /fortnight

Loan $264,000 at 6.10% over 30 years

Upfront costs

Deposit$66,000

Stamp duty$14,870

Conveyancing (est.)$2,000

Total upfront$82,870

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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 1-bedroom apartment in Elwood, VIC 3184 sits within reach of public transport, local shops and nearby schools. It is listed 59% below the $802,500 median of 54 comparable apartmentswithin 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) — 742 m away
Foodworks — 722 m away
School Park — 398 m away
Unnamed — 408 m away
E C Mitty Reserve — 420 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.

Due diligence

Property Report

Future Development

Complete

Elwood is experiencing moderate infill development pressure consistent with Port Phillip's coastal urban renewal strategy, focused on foreshore activation, mixed-use intensification along transport corridors, and conversion of older commercial stock to residential. Key drivers include proximity to the bay, established tram and bus networks, and the wider St Kilda Road precinct evolution. Development pace is constrained by established character overlays and lower-medium-density zoning in residential pockets.

Nearby projects

Closest

0.2 km

Elwood foreshore mixed-use renewal

Distance from this property is exact (rings = km). Direction is illustrative.

Elwood foreshore mixed-use renewal

0.2 km

Mixed-useProposed

Waterfront precinct upgrade including retail, hospitality and public realm improvements along the Elwood foreshore.

2026

200 m

Public transport and active transport infrastructure

0.5 km

InfrastructureUnder construction

Ongoing footpath, cycling lane and tram stop upgrades across Port Phillip aimed at enhancing local connectivity.

500 m

Recent residential infill DAs

0.8 km

Residential infillApproved

Multiple smaller apartment and townhouse developments on former industrial and low-density residential sites across the precinct.

800 m

Neighbouring beachside residential conversion

1.2 km

Residential conversionCompleted

Adaptive reuse of older commercial and office buildings into apartments in nearby St Kilda and Balaclava precincts.

1.2 km

St Kilda Road apartment tower (Port Phillip)

1.5 km

Apartment buildingApproved

Multi-storey residential development with mixed-use ground floor near the St Kilda Road corridor.

1.5 km

Source: StMate AI — VIC development trends07/06/2026

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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