FOR SALE
$400,000 - $419,990

Lot 302/1142 Mount Alexander Road
Essendon VIC 3040

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Current 5 Year Lease - A Guaranteed $644 per week for a 2 Bed, 2 bath with car cark

On offer is a guaranteed return of $644 per week for a 2 bedroom, 2 Bathroom apartment with car park at Punt Hill, The Essendon Grand.
Strictly, only for the Investor, is this roomy apartment, with existing 5 YEAR lease which commenced on the 20th February 2021.
Existing tenant, PUNT HILL has been in occupation for the past 18 years & with another Three (3) further 5 year options.
No vacancy periods, no letting fees and no advertising for any new tenant.
The numbers are big when compared to other local rentals, $33,503.04 per annum, $2,791.92 per month or $644 per week.
Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings and Euro laundry.
Superb location with shops, public transport, pubs and major roads nearby.
No vacancy periods & no letting fees. Ideal for your own Superannuation fund.
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Property Details for Lot 302/1142 Mount Alexander Rd, Essendon

Lot 302/1142 Mount Alexander Rd, Essendon is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with Pagan Real Estate.

Building Type
Apartment

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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 12,908 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, 508 properties were sold in the past 12 months in Essendon.

Suburb Insights for Essendon 3040

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Ryan Pagan
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Thomas Maher
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Pagan Real Estate
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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.