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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Australian actress Asher Keddie and her artist husband Vincent Fantauzzo have listed their Elwood home.
The home of the former Offspring star is set for auction later in March.
It comes with a $2.4 million - $2.6 million price guide.
Caitlin Payne-Clarke, Matthew Pillios and Kaine Lanyon of Marshall White are marketing the four bedroom, two bathroom home at 57 Milton Street.
The couple purchased the home in 2015 for $2.061 million.
Marshall White Bayside partner Matthew Pillios said, "the Edwardian-style home, including the kitchen, has been meticulously renovated with one of the four bedrooms converted to an art studio where Fantauzzo, an Archibald prize winning artist, paints."
Pillios adds that the couple planned to be based in Melbourne.
Not too long ago, in 2017, they offloaded their 40-acre Ravenswood country retreat on Romsey Road for $2.1 million.
Asher Keddie is now starring in a new ABC and Netflix series Stateless.
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Australian actress Asher Keddie and artist husband list in Elwood

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Elwood House, an innovative apartment development for downsizers that upsizes luxury and lifestyle, has taken out Victoria’s top property award.
The developer Piccolo was presented with the Property Council of Australia’s Rider Levett Bucknall Victorian Development of the Year award.
The 1,400 sqm site, previously occupied by the former Elwood RSL club, has been transformed into Elwood House, a low-lying brick building featuring 30 apartments and three retail tenancies.
“Elwood House emphasises quality of life with a stunning design in harmony with the local community,” says the Property Council’s Victorian executive director Cressida Wall.
“While Elwood House is a modern design, the development reflects the local context of the historic precinct.' 
Designed in collaboration with Woods Bagot and Hecker Guthrie, Elwood House was completed in 2017.
RLB has partnered with the Property Council to present the awards program since its inception in 1982.
Piccolo’s previously took home the award in 2013 for the Garden House in North Carlton.
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Piccolo's Elwood House, upsizing luxury for downsizes, wins prize

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A mixed use site in Elwood with development potential has been listed.
The 336 square metre 63 &amp; 63A Glenhuntly Road property is currently home to a medical centre with five consulting rooms, as well as an apartment with a balcony.
The property has a combined $103,680 per annum return.
The Elwood Family Clinic has a permit to extend the practice to eight rooms. 
The property is located between Broadway and Ruskin streets  and is zoned Commercial 1, which promotes mixed use development including retail, office, business, entertainment and community uses, as well as residential. 
The marketing agents, Teska Carson’s George Takis and Larry Takis, said the area is seeing an upsurge in popularity with residential and commercial developments completed in recent years.
“This exceptional property is prominently positioned within the tightly held Elwood retail/commercial precinct, and within one of Melbourne’s most popular bayside residential areas,” George Takis said.
“The location benefits from excellent amenities including a plethora of retail, cafes, restaurants, recreational facilities, bayside beaches, and is only 7.5 kilometres from Melbourne’s CBD.”
The property will be auctioned onsite on Thursday, November 29 at 12pm. 
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Mixed-use Elwood investment with extension permit set for auction 

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Woods Bagot and Hecker Guthrie, Piccolo have unveiled its sequel to the multi award-winning success of Upper House and The Garden House.
Set in bayside Melbourne, on the cusp of Elwood village, the recently completed Elwood House delivers 30 boutique apartments.
Woods Bagot and Hecker Guthrie were the design team behind Piccolo’s 2011 Carlton apartment project The Garden House, a winner of six major property and design awards.
Piccolo director Michael Piccolo said there had long been a desire to replicate the success and timeless design of The Garden House elsewhere, but logistics had proved difficult, particularly when the project’s architect and Woods Bagot Design Director Nik Karalis moved overseas.
With the purchase of the former Elwood RSL Club site at 2 Pine Avenue in 2013 – a site Piccolo had his eye on for years when living just around the corner – as well as the return of Karalis to Australia, the pieces of the puzzle fell into place.
Located on the corner of Pine Avenue and Ormond Road, Elwood House features one, two and three bedroom apartments across four levels.
The building’s calming façade melds exposed concrete, slender profile brickwork handmade in Denmark and irrigated balcony planter boxes overflowing with greenery.
One bedrooms average a generous 50 to 80 square metres, while two bedrooms provide space to grow at 100 to 115 square metres and three bedrooms at 130 to a large 170 square metres.
The individual apartment interiors by Hecker Guthrie are entirely bespoke, with considered additions that surprise and delight.
Director Paul Hecker said the finest finishes include grey Aether natural stone floors and American Oak timber cabinetry adorns kitchens and storage areas. 
Created for Garden House, Apaiser’s ‘Piccolo’ bathtub sit in larger bathrooms.
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The project also features two retail tenancies fronting Ormond Road, beauty salon The Skin Boutique and the latest offering by Sixty One Group, the team behind favourites including Prahran’s Tall Timber, Richmond’s Touchwood, Hawthorn’s Short Straw, Fitzroy’s Marquis of Lorne and Carnegie’s Left Field.
The Group’s as yet unnamed café, to open in the coming months, will offer breakfast and lunch seven days, also serving dinner a few nights a week.
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Architects Woods Bagot and Hecker Guthrie unite for Elwood House

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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.
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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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Luxury Elwood townhouse sold by mortgagee

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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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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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