206 Tennyson Street, Elwood VIC 3184
206 Tennyson Street, Elwood VIC 3184
Luxury architectural finish | Family-sized house in bayside Elwood | Bespoke interiors with marble and plaster | Premium village and beach proximity
This property stands apart from the typical Elwood offering. Where much of the suburb is defined by heritage apartments and mid-century units, this house delivers a newly finished, architect-designed family home with a level of material quality rarely seen in the area. The jewel-toned marble, reeded glass, and Venetian plaster signal a deliberate, high-end build that will appeal to buyers seeking move-in-ready luxury without the compromise of renovation. It suits a professional family or downsizer who values design integrity and wants immediate access to Elwood Village, the beach, and strong local schooling. The finish quality alone positions it above the suburb’s common stock, making it a scarce option for those who prioritise interior sophistication over traditional character.
Value may be shaped by the absence of confirmed land size and orientation, which could influence how the house compares to larger block offerings in the area. The presence of heritage and flood overlays in parts of Tennyson Street may or might introduce constraints, though the property’s new-build status suggests these were already navigated. Buyers should weigh the premium fit-out against the lack of disclosed outdoor dimensions and parking configuration, as these could affect its appeal to families needing space for vehicles and recreation. The strength of the architectural execution and the exclusivity of the finish will likely anchor interest, but the final price may hinge on how the property’s external footprint and position measure up to expectations.
Detailed Independent Property Report prepared by PropCred Analyst team for 206 Tennyson Street, Elwood VIC 3184
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Elwood is a bayside suburb on Port Phillip Bay, with tram/train links along Glen Huntly and Ormond Roads to the CBD and esplanade cycling paths. Demand is driven by families, singles, owner-occupiers and renters; professionals and downsizers are active in 3–4 bedroom houses ($1.99m–$3.02m) and 1–3 bedroom units. House prices are mixed: medians span $1.951m–$2.265m, annual growth from -7.3% to +3.4%, quarterly -2.3%. Units range $626k–$650k, with 12-month declines up to 5.1%. Houses sell in 33–50 days; auction clearance is 58.4%–70.2%, with 117–156 house and 375–457 unit sales annually. Rental demand is firm: house rents rose 10%, unit yields hit 4.6%. Future growth rests on connectivity, beachfront amenity and turnover. Key constraints: affordability (houses roughly double the $974k metro median), price volatility, and a 36.8% increase in house sales signalling supply response.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 204/114-116 Tennyson Street sold at $2.15M; 16/94 Tennyson Street estimated at $630K | Property Price Band: $2.0M–$2.1M | Value Drivers: Bespoke architectural finish, family-sized layout, premium bayside location
Bedrooms
4
Bathroom
3
Parking
2
Land
565m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!