FOR SALE
CONTACT AGENT

5 Woodland Street
Essendon VIC 3040

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 64m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

FUTURE INVESTMENT IN PRIME LOCALE

This perfectly positioned retail shop has been leased to long established Fish & Chips operators and offers the new buyers a positive rental upside at the end of the current lease term which expires in 2026.
There is ample space for further development subject to approval from relevant authorities, and rear road access to provide easy accessibility.
This is an opportunity for the astute buyer who can look outside the box and see the future potential, and not be overly concerned about the current rent which is well below market.

Property Details for 5 Woodland St, Essendon

Building Type
Commercial
Floor Size
64m2

Commute Calculator

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 12,908 properties. Over the last 5 years, Houses in Essendon have seen a 32.87% increase in median value, while Units have seen a 6.70% increase. As at 31 July 2024:

  • The median value for Houses in Essendon is $1,820,257 while the median value for Units is $557,098.
  • Houses have a median rent of $695 while Units have a median rent of $480.
There are currently 38 properties listed for sale, and 19 properties listed for rent in Essendon on OnTheHouse. According to CoreLogic's data, 506 properties were sold in the past 12 months in Essendon.

Essendon Profile Page

Suburb Insights for Essendon 3040

Visit Essendon profile page
Market Insights
Essendon Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Essendon Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Essendon profile page
Contact agent
Nicholas Gangemi
Show contact details
Call agent
Vince Demaio
Show contact details
Call agent
REAL ESTATE EDGE PTY
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED