10 Elm Avenue, Elsternwick VIC 3185
10 Elm Avenue, Elsternwick VIC 3185
This is a first-floor three-bedroom apartment of 123 square metres within an 1886 heritage block of four units. It offers a separate dining room, living room, and a private entry foyer. The building sits in a low-rise residential pocket of Elsternwick, within the Glen Eira council area.
The size and layout of this apartment are its strongest competitive signals. At 123 square metres, it provides the spatial separation of a house-separate living and dining rooms-within a secure, low-maintenance format that appeals strongly to downsizers or professionals who value both character and convenience. The 1886 heritage fabric, recently renovated, gives it a distinct position against the suburb’s typical modern units or larger freestanding homes. This property serves a buyer seeking a long-term home with genuine room to spread out, not a compact investment unit. Its rarity in the local market is a clear advantage.
The property’s value may be influenced by its position within a small heritage block, where ongoing body corporate costs and the need for coordinated maintenance on an 1886 building could be higher than for a standalone house. The single car space may be a constraint for a family requiring multiple vehicles. The floor level, while offering privacy, means no private garden or ground-level access. A buyer should weigh these factors against the substantial internal space and the enduring appeal of a heritage address in Elsternwick.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Elm Avenue, Elsternwick VIC 3185
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
This suburb presents a high-value, unit-dominant market with a professional demographic, underpinned by strong educational attainment and secular trends. Demand is driven by owner-occupiers and investors, attracted by the established profile and relative affordability within the unit segment. The market exhibits divergent trends, with houses demonstrating robust long-term growth while unit prices show recent resilience. Future performance will hinge on the balance between sustained professional demand and the inherent supply concentration within the unit market, which presents both opportunity and a key constraint on capital growth.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!