7/125 Tennyson Street, Elwood VIC 3184
7/125 Tennyson Street, Elwood VIC 3184
First-floor apartment | light-filled living | leafy outlook | off-street parking | walk to Elwood Beach
This apartment offers a rare combination of secure, well-maintained strata living in a tightly held Elwood pocket with genuine walkability to beach, park, and local shops. The spacious living room with leafy outlook and updated kitchen with meals area provide a liveable layout that suits a first-home buyer or downsizer seeking low-maintenance bayside convenience. Off-street parking, though not on title, adds practical appeal in this neighbourhood. The property sits within Elwood Primary and College zones, and the absence of bushfire, flood, or heritage overlays simplifies due diligence. For an investor, the suburb’s 5.3% rental yield and median rent of $475 per week support a reasonable return, though the recent -4.3% growth warrants caution.
The key risk is the price discrepancy between the majority listing range of $355,000–$385,000 and an outlier estimate of $450,000, which may reflect outdated data or overvaluation. The 47–48m² internal area is compact, and the open car space not on title limits long-term parking security. The 1970 build may require future capital works contributions. However, the June 2023 sale at $313,500 and current rental history of $365–$475 per week suggest potential for modest capital growth if bought near the lower end of the range. The opportunity lies in negotiating toward $355,000 to secure a sub-$370,000 entry into a premium suburb with enhancement scope. Hold for steady rental income or live in as a cost-effective bayside base.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/125 Tennyson Street, Elwood VIC 3184
Checks found:
Value Risk
1
Liquidity Risk
2
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
1
Bathroom
1
Parking
1
Land
675m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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