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166 Tennyson Street

Elwood VIC 3184

5
2
2
House
Currently for sale - view listing

Overview

Prime Mixed-Use Investment with Secure Long-Term Income

An outstanding opportunity to acquire a tightly held mixed-use freehold in one of Elwood's most desirable and thriving locations. Positioned prominently at 166 Tennyson Street, Elwood, this versatile property combines a well-established laundromat business with unique residential accommodation above, delivering immediate income and long-term investment security. The ground-floor commercial premises are leased to a quality long-term tenant on a secure 5 + 5-year lease, providing strong holding income for investors. Rear lane access further enhances convenience and functionality for both the commercial and residential components. Above, the property features a spacious and versatile two-bedroom residence with its own private entrance. The accommodation comprises two generous bedrooms, a light-filled sunroom, separate living and family rooms, a central bathroom, and a well-appointed spacious kitchen. Offering generous proportions and a flexible layout, the residence provides a comfortable and private living environment, ideal for owner-occupiers or as an additional investment opportunity. Located within walking distance of Elwood Village, cafés, public transport, schools and the beach, this is a rare opportunity to secure a blue-chip bayside asset with multiple income streams and future potential. Excellent future growth and value-add potential (STCA) A rare opportunity to secure a flexible investment offering stable income, residential appeal and long-term upside in the heart of Elwood.

Features

5 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
House

Happy sellers in Elwood

77%
77% of sellers in Elwood reported that their sale price either exceeded or met their price expectations.

Elwood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 83 reviews in Elwood over the last 12 months.

Local market activity for 5 bedroom houses in Elwood

In the last 12 months, 9 five-bedroom houses similar to 166 Tennyson Street, have been sold.

This represents a 14% decrease in five-bedroom houses sales when compared to the previous 12 months.

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