9/8 Bluff Avenue, Elwood VIC 3184

Ground-floor Art Deco apartment | Private leafy courtyard | Steps from Elwood foreshore | Boutique block of four | Heritage overlay applies This apartment occupies a genuinely rare position among Elwood’s apartment stock. Its ground-floor layout with a private, leafy courtyard and secure parking within a boutique block of four heritage units anchors it firmly above the typical suburban flat. The circa-1930s Art Deco character, north-west aspect, and fully renovated interiors—including modern bathroom, kitchen with stone benches, and Edwardian fireplace—create a distinct lifestyle appeal. Positioned less than 100 metres from the foreshore and a short walk to Elwood Village, it serves owner-occupiers, downsizers, or professional couples who prioritise beach proximity, character, and village convenience over sheer size. A heritage overlay and the apartment’s 62-square-metre internal area may constrain future alterations and appeal to buyers seeking more space. The gross rental yield signals a moderate investment return, though demand from lifestyle buyers rather than pure investors could support pricing at the upper end of current market expectations. These factors should be weighed carefully when forming a view on value.