Per­fect park and walk

Herald Sun - Property - - SUBURB PROFILE -

NO mat­ter what type of prop­erty you’re on the hunt for El­wood can de­liver it and de­liver it in style.

“The qual­ity of prop­erty is just higher here than in a lot of other sub­urbs,” said Chisolm & Ga­mon, El­wood, di­rec­tor Torsten Kasper.

“There’s beau­ti­ful houses, won­der­ful Art Deco apart­ments, good-sized 1950s apart­ments and fan­tas­tic mod­ern town­houses.”

A range of buy­ers were flock­ing to the area, which has some­thing to of­fer ev­ery­one.

“As­pi­ra­tional pro­fes­sional sin­gles are drawn in by the style and the class of the Art Deco apart­ments,” Mr Kasper said.

“Fam­ily buy­ers love the houses and the fact there are two pri­mary schools and a high school within the sub­urb.

“Empty-nesters are buy­ing the large, con­tem­po­rary town­houses that are low main­te­nance and they can lockup and leave.”

The sub­urb’s com­par­a­tive af­ford­abil­ity to sur­round­ing ar­eas ap­pealled to buy­ers on the hunt for the bay­side life­style.

“El­wood is in­cred­i­bly un­der­val­ued com­pared to sub­urbs such as Mid­dle Park and Al­bert Park,” he said.

El­wood has a me­dian price of $1.55 mil­lion for houses and $600,000 for units, while buy­ers can ex­pect to pay $2,243,750 for a house or $650,000 for a unit in Mid­dle Park, ac­cord­ing to CoreLogic RP Data.

“There are re­ally good prospects for po­ten­tial growth,” Mr Kasper said. “You are get­ting the same thing you would be get­ting in Mid­dle Park for $500,000 less.”

A “tan­gi­ble sense of com­mu­nity” had also drawn buy­ers to the area.

“The vil­lage has a great mix of shops and cafes, there’s every­thing you want,” he said. “You can eat and shop local.” Those who loathe the ne­ces­sity for a car will also be drawn to the area, with the beach, shops and trans­port all just a hop, skip and jump from most homes.

“It is one of those sub­urbs where you can park and walk,” Mr Kasper said.

“You can park and walk to the shops, you can park and walk to the beach, you can park and walk to the train sta­tion or tram stop.”

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