104/1 Tiuna Grove, Elwood VIC 3184
104/1 Tiuna Grove, Elwood VIC 3184
2 bed | 2 bath | 1 car | first floor | premium finish | COMO building | Elwood bayside
This apartment occupies a strong position within Elwood’s premium apartment market, particularly as part of the COMO development by mckimm and PozzEvoke, a builder known for considered detailing and material quality. The first floor placement with a claimed impeccable orientation suggests good natural light and a layout that avoids the compromises found in many mid-tier apartments. The 2,357 m² site is unusually large for a single apartment address, which may indicate generous common gardens, lower site density, and a more residential feel than a typical apartment tower. This property is best suited to an owner-occupier seeking a low-maintenance, design-led home in a walkable bayside suburb, rather than an investor chasing maximum yield.
The price guide sits at a notable premium for a two-bedroom apartment in Elwood, which means the buyer is paying for the brand, the build quality, and the specific apartment’s orientation and space. The absence of confirmed details on balcony size, storage, heating and cooling, and building amenities like a lift or pool means the buyer should verify these directly, as they materially affect both livability and resale appeal. The rental listing for the same address signals that an investor could exit if needed, but the yield may be modest given the price point. The lack of a confirmed build year or aspect direction are gaps the buyer should close before forming a final view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 104/1 Tiuna Grove, Elwood VIC 3184
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Elwood presents a well-established bayside market with strong appeal to both families and professionals, driven by its coastal lifestyle and excellent transport links. Demand is underpinned by a mix of owner-occupiers and investors, the latter attracted by solid rental yields. Recent price trends for houses show volatility, with a softening market, while the unit segment has demonstrated greater stability. Future growth will be supported by sustained buyer interest and high sales volumes, though high price points and sensitivity to economic conditions present ongoing affordability constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2357m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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