Unit 8, 41 SCOTT STREET Elwood VIC 3184
This property is Off Market
- The Average property price in this area is $1,608,527, this is based on recent transactions.
- Internet speed Download 1000 Mbps / Upload 400 Mbps
- Distance to the coast 1.05 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Elwood
With an average age of 37, households expect an average monthly mortgage payment of $2,719 or a weekly rent payment of $415. The average family earns a weekly income of $2,867 with a typical household size of 2.2 and a 97.33% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Elwood ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Elwood classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Elwood requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
Public Transport
Stop 37: Chapel Street
Stop 38: Brunning Street
Stop 38: Wimbeldon Avenue
Stop 39: Glen Eira Road
Stop 39: Glen Eira Road
Stop 42: Hotham Street
Stop 42: Hotham Street
Ripponlea
Stop 40: Scott Street
Stop 41: Coleridge Street
General Points of Interest
Trinity College
Como Centre
Admiral Creswell Memorial
Hampton Tennis Club
William C.F. Almeida
Melbourne Cricket Ground
McKinnon Obelisk
Olympia Gymnasium
Centenary Bridge Pillar
Malvern Valley Public Golf Course
Population
(Country of Birth not stated 3%)
Are people healthy?
There are a recorded 1344 asthma sufferers and 460 people living with diabetes. In addition, 450 people have a heart/vascular condition and 870 people live with three or more chronic diseases.A good place to invest in property?
Elwood a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
76 / 100
52 / 100
Industry
43 / 100
17 / 100
Population
64 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
62 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsElwood Primary School Elwood College
Property Story
Unit 8, 41 Scott Street, Elwood, Vic, 3184 is a residential property . The estimated distance to the sea is only 1.05km and at least 3.29KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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