101/26-28 Broadway, Elwood VIC 3184
101/26-28 Broadway, Elwood VIC 3184
2 bed 2 bath 2 car | secure lift access | tree-lined bayside pocket | active owner-renter mix | flood overlay noted
A two-bedroom, two-bathroom apartment with two secure car spaces is seen as a stronger configuration than most within this designer complex, where one space is typical. The double parking provision is regarded as a practical edge in a walkable bayside pocket. The unit is served by a secure, lift-accessed building with a stylish foyer, basement storage, and stone/Miele finishes found across the complex. It is well placed for Elwood’s beach, parkland, café and retail amenity, and local public school catchments are provided. This property is best suited to owner-occupiers seeking low-maintenance living with a lifestyle address, and to investors looking for a configuration that tends to outperform standard two-bedroom stock.
Due diligence may be shaped by the flood overlay on the parent parcel, and insurance or lending decisions might be affected by it. The unit’s floor level and aspect are not confirmed, and either could be seen as a value driver for light and privacy. A confirmed private terrace may be absent, which might be weighed against the rare second car space. Condition and internal finish, including stone and Miele fixtures seen in the complex, might also be relied on to support a premium.
Detailed Independent Property Report prepared by PropCred Analyst team for 101/26-28 Broadway, Elwood VIC 3184
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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: 306/26-28 Broadway sold $875,000; 305/26-28 Broadway sold $740,000 | Property Price Band: $0.9M-$1.0M | Value Drivers: double parking, internal finish, floor level and aspect
Bedrooms
2
Bathroom
2
Parking
2
Land
1532m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!