FOR SALE
Private Sale | $2,700,000 - $2,900,000

15-17 Woodland Street
Essendon VIC 3040

Bedrooms: 8
Bathrooms: 2
Car spaces: 4
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Commercial/Residential, A Brilliant Opportunity!

This well-maintained Art Deco brick home, offering 8 bedrooms, 2 bathrooms, and parking space for 4 cars, is ideal for a large family. With the added bonus of its own shopfront and situated on approximately 490m2 app block, it presents a multitude of options. Fully renovated, this property comes with 2 kitchens appointed with integrated fridges. The new owner can easily work from home, retain as an investment with dual returns, or multilevel redevelop subject to council approval (STCA), the possibilities are abundant. Heating and cooling are comfortably and quietly provided via central ducted air conditioning to corner of the property. Positioned perfectly in a family-friendly environment, it is conveniently located near sought-after schools, local cafes, and a variety of dining options. The nearby Strathmore Railway Station is just a short walk away, providing quick transit into town.
Currently an education centre is operating from the property under a long-term lease, which is open to incentivised relocation if the new owner wishes to occupy the property for commercial or residential use, or simply enjoy the income and benefits as an investor.
DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information, but it does not constitute any representation by the landlord/agent and agency.
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Property Details for 15-17 Woodland St, Essendon

15-17 Woodland St, Essendon is a 8 bedroom, 2 bathroom House with 4 parking spaces. The place is currently for sale with YPA - St Albans.

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House

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About Essendon 3040

The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2011 was 18,852 people. By 2016 the population was 20,611 showing a population growth of 9.3% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon work in a professional occupation. In 2011, 64% of the homes in Essendon were owner-occupied compared with 60.2% in 2016.

Essendon has 12,890 properties. Over the last 5 years, Houses in Essendon have seen a 21.21% increase in median value, while Units have seen a -3.61% decrease. As at 31 October 2024:

  • The median value for Houses in Essendon is $1,847,895 while the median value for Units is $544,365.
  • Houses have a median rent of $690 while Units have a median rent of $490.
There are currently 52 properties listed for sale, and 18 properties listed for rent in Essendon on OnTheHouse. According to CoreLogic's data, 521 properties were sold in the past 12 months in Essendon.

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Spencer Nguyen
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YPA - St Albans
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