115 Nepean Highway, Elsternwick VIC 3185
115 Nepean Highway, Elsternwick VIC 3185
4-bed family house on compact land | walk to station and beach | highway frontage traded for convenience | two-level layout suits owner-occupiers
This property’s configuration is competitively rare in Elsternwick: a detached four-bedroom house with two living areas, two bathrooms plus a powder room, and off-street parking for two cars, all on a site of roughly 300 square metres. The two-level layout, with a downstairs master bedroom and ensuite, suits families seeking separation of spaces and downsizers wanting single-level living on the ground floor. Its location near Gardenvale station, Martin Street retail, and Brighton beach provides strong everyday amenity, while zoning for Elsternwick Primary School and Elwood College reinforces its appeal to owner-occupiers. The compact land parcel and mid-century origins suggest the property has been substantially updated, making it a low-maintenance family home rather than a renovation project.
The Nepean Highway frontage may be the most material factor affecting value, as traffic noise and reduced street privacy can deter some buyers, particularly those seeking a quiet cul-de-sac setting. The small lot size of under 300 square metres limits rear-yard potential and may constrain future extension options, though this is consistent with the efficient site design already in place. The property’s zoning in Neighbourhood Residential Zone – Schedule 1 under Glen Eira Council indicates a controlled, low-scale residential context, which supports stable long-term value but restricts redevelopment upside. Buyers should weigh the convenience of highway access against the trade-off in tranquillity, and consider whether the current layout and finishes meet their needs without requiring near-term capital outlay.
Detailed Independent Property Report prepared by PropCred Analyst team for 115 Nepean Highway, Elsternwick VIC 3185
Elsternwick VIC 3185
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.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
296m²
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