Elwood

A development with fluted facade in Elwood by Keystone Property Group has just five of the 15 apartments remaining for sale on completion.

The Ensemble project comes with sculptural, striking vertical aspect with arched ground-level windows to mimic the art deco homes in the area.

KUD Architects sought to evoke the waves of nearby Port Phillip Bay with landscaping by John Patrick Landscape Architect.

Almost half of those sold in the 15-apartment complex were to downsizers.

[smartcode_project:default project_id=3119 project_image_fid=35536]

The apartments range from 110-141sq m, featuring marble surfaces in the kitchens and bathrooms, and oak floors in the living areas.

Outdoor spaces span from 12sq m up to 118sq m for the courtyard garden ground-floor residences.

There is a landscaped rooftop barbecue area at the Tennyson St location, a short walk from a popular shopping village and the beach.

The remaining apartments cost from $1.495 million to $2,595,000 through Michael Paproth at The Agency.

[smartcode_project:default project_id=3119 project_image_fid=35534]

Elwood&#39;s apartment prices sit at a $675,000 median, according to realestate.com.au, with units typically rented for $410 pw reflecting a rental yield of 3.2%.

Keystone Property Group is a Melbourne based developer formed in 2006 by Ray Evans and Luke Daley.&nbsp;

Keystone has developed numerous properties in inner city regions such as Footscray, Brunswick and Prahran, with a focus on boutique properties in high growth areas.

[smartcode_project_cta: project_id=3119]

KUD Architects sought to evoke the waves of nearby Port Phillip Bay with landscaping by John Patrick Landscape Architect

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Five apartments remain for sale in Keystone's Ensemble, Elwood development

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The boutique development Foam Street in the Bayside Melbourne suburb of Elwood has secured sales of nearly half of its apartments at its recent launch.

Developer Goldfields has seen demand coming from an emerging market which have been dubbed "Baychangers."

Goldfields chief operating officer Lachlan Thompson said five of the project’s twelve boutique apartments had already been snapped by buyers up on the first few days of the sales campaign.

[smartcode_project:default project_id=31641]

“The Elwood brand is one of the strongest in Melbourne, especially for buyers looking to downsize to a smaller and more convenient home in a vibrant community that offers exciting lifestyle and entertainment options,” Thompson said.

“As a result, the supply of low-maintenance luxury apartments in Elwood’s established property market is far outweighed by demand, with many looking to alternatives, such as boutique new developments, like Foam Street, Elwood.

“These buyers are looking shorten and simplify the homebuying process and avoid the frustration associated with the existing property market.

<a href="https://www.urban.com.au/new-apartments/foam-street-1-3-foam-street-elwood"><img alt="" height="891" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/foam_street_elwood.jpg" width="1200"></a>

“They want to live ‘life after the family home’ somewhere with a little more ‘soul,’ somewhere more intimate and personal; the type of place where you know your neighbours by their first name.”

Jackson Clements Burrows designed the development of two and three bedroom apartments in conjunction with Studio Tate.

“FOAM STREET apartments are designed to be entirely of their place – reflecting and complementing the street’s vernacular – thus creating a discerning identity within their environment. Each dwelling offers expansive living areas, private outdoor spaces and enduring finishes," Tim Jackson, director at Jackson Clements Burrows said.

The project sits in landscaped surrounds designed by Eckersley Garden Architecture.

The Agency's Michael Paproth said, as well as demand from locals who want to remain in the area, there is a rapidly emerging market of buyers from outside the broader Bayside area.

“Baychangers tend to be semi-retired or retired professionals, typically from the inner-eastern suburbs, whose children have started their own families, and who are looking for a lifestyle change, but without the distance associated with a treechange or seachange," Paproth said.

“Despite being right next door to each other, the Bayside and inner east can be quite different in terms of community, culture and lifestyle."

 
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Developer Goldfields has seen demand coming from an emerging market which have been dubbed "Baychangers."



Joel Robinson

What is a Baychanger? Boutique Elwood development Foam Street see 'Baychanger' demand

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Actress Asher Keddie, and her Archibald Prize-winning husband Vincent Fantauzzo, have sold their Elwood home within the asking price range of $2.75 million and $2.85 million.
Marshall White Bayside partner Matthew Pillios confirmed the private treaty sale of the Edwardian-style home, but would not comment on the sale price.
The Milton Street home was owned by the couple for five years.
They listed it for sale in February.
They had snapped up the property in 2015 for $2.061 million, records show.
In February Mr Pillios said areas of the Edwardian-style home, including the kitchen, had been meticulously renovated with one of the four bedrooms converted to an art studio where Fantauzzo painted.
Fantauzzo’s art was displayed in the home including portraits of Keddie and actor Heath Ledger, who passed away in 2008.
Keddie is best known for her role as Dr Nina Proudman in the TV series Offspring, which concluded in 2017.
She is now starring in a new ABC and Netflix series Stateless, based around the story of German-Australian woman Cornelia Rau and the Australian detention centre in which she was detained.
It’s not the first time Keddie and Fantauzzo have sold a property in Victoria. The couple offloaded their 40-hectare property Ravenswood in 2017, at the peak of Melbourne’s market.
The property, which was their country retreat in Romsey Road, Hesket, sold for $2.1 million.
 
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Actress Asher Keddie and Archibald Prize-winning husband Vincent Fantauzzo sell in Elwood

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A contemporary Elwood home at 92 Ruskin Street had $2.9 million plus hopes for tomorrow's auction, but was under offer over a week ago.
The four bedroom, three bathroom <a href="https://www.92ruskinstreetelwood.com/details" target="_blank">state-of-the-art family home</a> was built in 2013 with pool.
There's a mix of raw textured concrete, warm timbers and luxury bespoke fixtures in its more recent remodelling by Arundel Constructions and D'interni Interior Design.
Chisholm &amp; Gamon agent Torsten Kasper has the offering.
Elwood's median house price is $1,550,000 according to <a href="https://www.urban.com.au/property-observer" target="_blank">CoreLogic RP Data</a>.
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Contemporary Elwood trophy home sold

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Melbourne Demons head coach Paul Roos has sold his Elwood home as speculation looms on his continuing ties with the AFL code.
His contract with the AFL club concludes at season end.
Paul and wife Tami bought the contemporary Tim Spicer designed property in 2014 after signing with the Demons in 2013.
They paid $2.525 million for the home which was built by former owner Peter Lewin of Construct Group.
Completely remodelled by highly regarded Arundel Constructions and D'interni interior design, the state of the art home features a pool and spa on the 411 sqm holding.
The property sold recently through Chisholm &amp; Gamon agents Kylie Hill and Torsten Kaper who had a price guide of $2.9 million.
Roos is to be replaced by assistant coach Simon Goodwin at the end of the year.
Roos and his wife Tami are long-time Sydneysiders who sold their $5.4 million South Coogee trophy home the same month they bought in Elwood. The Con Hairis designed luxury five bedder with swimming pool cost $4.86 million in 2010.
They quietly bought back in Sydney last year, securing a $2.165 million Coogee apartment.
Crafted by architect Allen Jack+Cottier, the whole floor penthouse style apartment has three bedrooms and a large terrace.
Roos coached the Sydney Swans for eight years and won the 2005 Premiership, the Swans first in 72 seasons.
This article was first published in the Weekend Australian Mansion Australia property section. 
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Departing Melbourne Demons coach Paul Roos sells in Elwood

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Melbourne's Bop Girl, Pat Wilson, has her charming Spanish Mission home in Elwood listed after it failed to sell at weekend.
The 1920s Wave Street home that is adorned with original features last sold for $320,000 in 1997.
Chrisholm &amp; Gamon director Sam Gamon was auctioning it with a $1.9 million plus price guide. It now has a <a href="https://www.realestate.com.au/property-house-vic-elwood-123245466" target="_blank">$2 million asking price</a>.
Wilson is a singer and journalist having written for Go-Set, a 60s and 70s pop music newspaper under the pen-name 'Mummy Cool'.
Her early 80s hit single, Bop Girl - written by her then husband Ross Wilson of the bands, Daddy Cool and Mondo Rock - came with music video which was the screen debut of a 15 year old Nicole Kidman, who played the role of a young bop girl.
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Bop Girl pops $2 million asking price on Elwood offering

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Gryphon House, an Elwood home modelled on a mythical beast, has sold for $3.68 million after 76 bids at weekend auction.
It sold for $360,000 over reserve through McGrath St Kilda agents Christine Ford and Josh Stirling.
Designed by architect Simon Thornton around a decade ago, the home has a lion's tail shaped chimney, solar panels resembling eagle feathers and a top floor meditation space in the shape of a griffin's head.
His idea for the design of the home came to him in the middle of the night.
“The original owners were people who were really into their house expressing something about fantasy and imagination,” he said.
He added it to the existing red brick Edwardian.
It now comes with five bedrooms, three bathrooms, a music room and two large entertaining decks on its 328 sqm parcel.
Since the design it has been heritage protected by the City of Port Phillip.
A local couple bought the house, hoping their grandchildren would like it.
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Gryphon House, modelled on a mythical beast, sells in Elwood

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Tim McGregor, the newly appointed managing director of ticketing, live content and data analytics company TEG Live, has listed his Elwood home due to his new position in Sydney.
McGregor and wife Kate paid $2.2 million in 2014 for the Californian bungalow with its earlier redesign by Jackson Clements Burrows.
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/vic/melbourne-inner-south/elwood/323864" target="_blank">The four bedroom, two bathroom residence</a> with home office comes with a six star green rating.
McGrath St Kilda agents Nicole Prime have set a price guide of $2.45 million for its November 12 auction.
This article was first published in the Weekend Australian Mansion Australia property section.
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TEG Live MD Tim McGregor lists in Elwood

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A Victorian four bedroom Elwood house has been listed for sale at $2.5 million plus.
Located at <a href="https://www.realestate.com.au/property-house-vic-elwood-125940578">4 Kendall Street</a>, the 558 sqm property comes with a home which are a fusion of contemporary and traditional features.
Built in 1900, it was last sold in 2008 for $1.675 million.
It features a wide entrance hallway with floorboards and high ceilings as well as original period details.
An open-plan living and dining area is next to a kitchen with stone benchtops and also accesses the north facing decked area with overlooks of the garden.
There are four bedrooms with period-style fireplaces and marble surrounds with all four bedroom sharing a main bathroom with claw-foot bath and double vanity.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/08/4%20Kendall%20Street-2.jpg" alt="">
A self-contained studio is available in the rear of the property with potential for a office or additional space.
Other features includes off-street parking for four to five vehicles, bespoke cabinetry and outdoor shower.
St Kilda Botanical Gardens, the beach, Elsternwick Park and shops along Ormond and Glen Huntly Roads are within close proximity of the property.
The property is offered through Marshall White agents Michael Paproth and Kaine Lanyon.
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Victorian four bedroom Elwood house listed for $2.5 million plus

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A beachfront Elwood townhouse, has been sold by its mortgagee sale have been listed with hopes over $2.5 million.
The home at <a href="https://www.realestate.com.au/property-townhouse-vic-elwood-127571338" target="_blank">1/87 Marine Parade </a>spans over 3 levels, featuring three bedrooms (fitted BIRs, one with library, main with custom WIR &amp; luxe ensuite), a bathroom with stone bath &amp; basins and a marble kitchen featuring an island bar.
It has around 210 sqm of space.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/23/elwood5.jpg" alt="">
Other features include a double auto garage via automatic security gates. 
The townhouse was set on the corner of Shelley Street and neighbouring the canal bridge and Robinson Reserve.
It last traded in 2001 at $911,000.
The suburb's median unit price is<a href="https://www.urban.com.au/news/10538-elwood-vic" target="_blank"> $610,000 </a>according to CoreLogic. 
 
 
 
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