64A Goldsmith Street, Elwood VIC 3184
64A Goldsmith Street, Elwood VIC 3184
House-format townhouse | 321 sqm interior on compact block | Elwood school zone | flood overlay flagged | strong lifestyle appeal
The property presents as a house-format townhouse with a floor area of 321 sqm, which is generous for a dwelling on a compact lot. The interior volume is the standout feature, offering flexible living space across three bedrooms and two bathrooms. It is positioned in a tightly held, tree-lined street within easy reach of Elwood Village, the beach, parklands, and the Elwood Primary and Elwood College catchment. Because the dwelling is configured as a single residence rather than a low-rise unit, it carries a more private, family-oriented feel than standard townhouse product. The likely buyer is an owner-occupier, either a busy professional, an active family, or a downsizer seeking a lock-and-leave lifestyle without compromising on space. The combination of internal scale, school access, and a walkable bayside position gives the property clear differentiation in this part of Elwood.
The value of this property may be shaped by several factors. The flood overlay is a real constraint and might affect insurance costs and future modifications, though it is not uncommon in coastal areas. Parking is reported inconsistently, with some sources showing two spaces, so that should be confirmed. The land component is small relative to the floor area, which may limit subdivision potential but does not detract from it as a finished home. The townhouse-style title could also sit differently with some lenders, and that may narrow the buyer pool at the margin. These factors are unlikely to undermine the lifestyle appeal, but they are worth weighing before a price is formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 64A Goldsmith Street, Elwood VIC 3184
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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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.
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PropCred Estimated Value
Comparable Sales: 1/3 Goldsmith St sold $590k; 3/68 Goldsmith St sold $670k | Property Price Band: $2.3M–$2.4M | Value Drivers: interior size, school catchment, flood overlay
Bedrooms
3
Bathroom
2
Parking
2
Land
248m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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