102/115 Tennyson Street Elwood VIC 3184
102/115 Tennyson Street Elwood VIC 3184
Modern 2-bedroom apartment | Premier tree-lined street | Ducted heating & cooling | Secure parking & balcony | Zoned for Elwood schools
This unit presents a competitively strong proposition as a modern, low-maintenance residence in a premier Elwood location. Its 104-square-metre internal size is notably generous for a two-bedroom apartment, offering a practical footprint rare in newer builds. The combination of ducted climate control, two bathrooms, and secure parking aligns with the expectations of owner-occupiers seeking comfort or investors targeting premium rental yields. It serves buyers prioritising a lock-and-leave lifestyle within the high-demand Elwood school catchment, close to village amenities and the beach.
Proceed with the understanding that its value is pegged to the multi-unit building’s performance, not land appreciation. The price premium for the position and finishes must be justified against older, potentially smaller units in the area. For an investor, the calculated gross yield near 4.6% is solid for the suburb, supported by recent tenancy. This is a hold proposition for either a long-term occupant or a rental holding, not a short-term trade. Our tailored report would pressure-test the listed price against true comparable sales and detail strata health, ensuring your offer reflects an accurate market valuation.
Detailed Independent Property Report prepared by PropCred Analyst team for 102/115 Tennyson Street Elwood VIC 3184
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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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
791m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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