For Sale

1-4/47 Broadway, Elwood, Vic 3184

$4,500,000 - $4,750,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

765 m²

Area

Last updated on Thursday, April 09, 2026 ( See property details for 1-4/47 Broadway, Elwood, Vic 3184)

$4,500,000 - $4,750,000

View the agent price guide.

Andrew Sahhar - Real Estate Agent - Kay & Burton - Bayside

Andrew Sahhar Director

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Danielle Horne - Real Estate Agent - Kay & Burton - Bayside

Danielle Horne Sales Consultant

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment and development opportunity in the heart of Elwood featuring four fully renovated apartments on a generous 765sqm block with future townhouse potential.

🏡 Property Highlights

Boutique block of four fully renovated apartments
Substantial landholding of approximately 765sqm
Prime Elwood location in a quiet, tree-lined street
Immediate rental income with strong investment appeal
Future development potential (STCA) with concept plans for three townhouses
Close proximity to the beach, Elwood Village, parks, and public transport

✨ Key Features

Open-Plan Living
Built-in Robes
Outdoor Area
Waterfront / Views
Secure Parking
Home Office / Study
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Pet-Friendly

Suburb and Property Insights of Elwood, VIC 3184

Elwood is a highly sought-after bayside suburb renowned for its vibrant village atmosphere, beautiful beaches, and lush parks. Its tree-lined streets and proximity to public transport make it ideal for both lifestyle and investment. The area offers a mix of historic charm and modern amenities, attracting professionals, families, and holidaymakers alike. With excellent schools, cafes, and recreational facilities, Elwood provides a relaxed yet convenient coastal lifestyle.

Frequently Asked Questions

What is the current rental income generated by the apartments?

The property offers immediate rental income, with each apartment currently leased, providing a strong return for investors.

Are there any planning permits or approvals in place for future development?

Concept plans for three townhouses are available, but development approval (STCA) will be required from the local council.

What are the key features of each apartment?

Each apartment has been thoughtfully renovated to include modern amenities, open-plan living, and outdoor areas, while retaining the charm of Elwood.

Is the property suitable for both investment and development purposes?

Yes, the property offers strong rental income potential and significant future development upside, making it ideal for both investors and developers.

What are the nearby amenities and transport options?

The property is close to Elwood Village, cafes, parks, public transport, and the beach, providing a highly desirable lifestyle location.

What to ask about this property to agent?

Are there any existing easements, covenants, or zoning restrictions affecting the property? Has a recent building and pest inspection been conducted, and are there any known defects? Are there any upcoming planning or development proposals in the area that could impact the property? What are the potential costs associated with obtaining development approval (STCA)? Is there any history of flooding or bushfire risk in this location? Are there any strata or body corporate fees applicable to the apartments? What are the council rates and ongoing maintenance costs? Are there any restrictions on future subdivision or redevelopment of the land? Is the property compliant with all current building codes and regulations? Are there any planned infrastructure projects or construction nearby that could affect the property’s value or livability?

1-4/47 Broadway, Elwood, Vic 3184 - More Details

$4,500,000 - $4,750,000

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.

Type: Block Of Units
Bedrooms: 8
Bathrooms: 4
Parkings: 4
Area: 765 m²

Price guide

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1-4/47 Broadway, Elwood, Vic 3184

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