9/95 Addison Street, Elwood VIC 3184

2-bed apartment with parking and balcony | 76m² internal space | flood overlay present | established owner-occupier block The property is considered well-positioned within Elwood’s established apartment stock, with a practical 2-bedroom layout that is complemented by both a balcony and a dedicated car space, features that are increasingly valued in this inner-bayside market. The internal area of 76 square metres is regarded as generous for its category, and comfortable living is supported for downsizers or professionals. The building’s character, with a long average owner-occupier tenure, is interpreted as a signal of stability and good maintenance. The property is best suited to buyers seeking a low-maintenance home within a strong school catchment, as Elwood Primary and Elwood College are zoned to the address. The presence of a flood overlay is a material factor that may be weighed by some buyers as it could influence insurance costs and risk perception. The property’s rental demand is considered strong, and its appeal to investors might be supported by this. The limited availability of two-bedroom units with parking in this area is thought to provide pricing support, though buyer appetite for older stock is expected to vary.