FOR SALE
$1,100,000 - $1,200,000

56 Droop Street
Footscray VIC 3011

Bedrooms: 3
Bathrooms: 1
Car spaces: 5
Land area: 451m2
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Sat 9 Nov 3:00 pm
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Pursue Activity Zone Possibilities

This home's family past is reflected by the traditional dimensions and details of its three bedroom floor-plan while its future offers huge possibilities on some 451sqm in a prime Activity Zone position close to the new Footscray Hospital precinct.
Proximity to the area's rich range of additional lifestyle attractions including Barkly Street's abundant shops and cafes, Footscray Market, the train station and the Victoria University campus further enhances the opportunity to re-invent such a strategic address.
Scope for renovating or re-developing is complemented by the Activity Zone's encouragement of multi-level commercial and residential development, office spaces, consulting suites, medical centres and apartment buildings.
While the options are weighed up and the future direction is decided, the current three bedroom property reveals its personality throughout totally functional living and dining areas, a previously updated kitchen and a central bathroom that serves three double bedrooms.
Parking for three cars and rear lane right-of-way add to the appeal of a present day picture that's all about whatever happens next - and you get to decide, STCA!
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Property Details for 56 Droop St, Footscray

56 Droop St, Footscray is a 3 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 451m2. The place is currently for sale with Ray White Sunshine.

Building Type
House
Land Size
451m2

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About Footscray 3011

The size of Footscray is approximately 5 square kilometres. It has 25 parks covering nearly 15.1% of total area. The population of Footscray in 2011 was 13,202 people. By 2016 the population was 16,336 showing a population growth of 23.7% in the area during that time. The predominant age group in Footscray is 20-29 years. Households in Footscray are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Footscray work in a professional occupation. In 2011, 42% of the homes in Footscray were owner-occupied compared with 36.6% in 2016.

Footscray has 14,257 properties. Over the last 5 years, Houses in Footscray have seen a 8.94% increase in median value, while Units have seen a 14.88% increase. As at 31 October 2024:

  • The median value for Houses in Footscray is $950,860 while the median value for Units is $495,776.
  • Houses have a median rent of $570 while Units have a median rent of $500.
There are currently 98 properties listed for sale, and 44 properties listed for rent in Footscray on OnTheHouse. According to CoreLogic's data, 564 properties were sold in the past 12 months in Footscray.

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Marcus Fregonese
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Chris Le
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Ray White Sunshine
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