1 Long Street, Elsternwick VIC 3185

Victorian streetscape preserved | four-bedroom scale rare for Elsternwick | Italian kitchen with butler’s pantry | outdoor cinema and alfresco bar | family zone with separate retreat The property’s primary buying case rests on its unusual combination of heritage presence and a comprehensively reworked interior wing that delivers genuine separation between adult and children’s zones. The grand arched hallway and master suite with dressing room and ensuite give it an edge over comparable period homes where the rear extension often compromises bedroom count or study provision. For a family seeking a long-term hold in a tightly held street with 85% owner-occupancy, the configuration reduces the likelihood of needing to move as children age. The outdoor cinema and built-in bar are not frivolous additions; they extend usable living space across seasons and reduce the pressure to renovate for entertainment purposes within the first five years of ownership. The main risk is that the price guide sits near the top of the suburb’s four-bedroom median, and the 2019 sale at $3.09 million means any buyer paying above $3.2 million is banking on continued premium compression in a market where auction clearance sits at 68%. The carport plus off-street parking is adequate but not generous for a house of this scale, and the absence of a specified auction date creates uncertainty around vendor resolve. The opportunity lies in the fact that the property has only been listed one day; a buyer who moves quickly with pre-approval and a clear walk-through can negotiate before broader market attention builds. This house should be held for at least ten years, with the study convertible to a fifth bedroom if resale to a larger family is ever required.