FOR SALE
$850,000

7 Naismith Street
Footscray VIC 3011

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 366m2
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VENDOR SAYS MUST SELL!!

Discover the incredible potential of 7 Naismith Street, Footscray-a prime piece of real estate. This property is ideally positioned in a vibrant neighborhood, just a short stroll from the bustling heart of Footscray, known for its rich cultural diversity, eclectic eateries, and thriving arts scene.
Located minutes from Footscray Station, the CBD is a mere 10-minute train ride away, making it perfect for commuters seeking the convenience of city living with the comfort of a suburban lifestyle. The area is also well-served by bus and tram routes, providing easy access to surrounding suburbs.
Footscray is currently undergoing significant redevelopment, with numerous infrastructure projects and urban renewal plans underway. The nearby Footscray Hospital redevelopment and the transformation of the Maribyrnong River precinct are set to enhance the area's appeal, promising increased property values and rental demand. Additionally, the upcoming West Gate Tunnel project will further streamline access to the city and beyond.
Families will appreciate the proximity to highly regarded schools, parks, and recreational facilities, including the expansive Footscray Park and the Maribyrnong River, offering scenic walking and cycling trails. The vibrant Footscray Market and an array of local shops cater to all your shopping needs, while the nearby Victoria University campus adds to the youthful energy of the area.
Whether you're looking to build your dream home or make a savvy investment, 7 Naismith Street offers an unparalleled opportunity to be part of Footscray's exciting future.
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Material Facts - please refer to the contract of sale and vendor statement for any/all material facts.
Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.
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Property Details for 7 Naismith St, Footscray

Building Type
Land
Land Size
366m2

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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 14,413 properties. Over the last 5 years, Houses in Footscray have seen a -2.37% decrease in median value, while Units have seen a 11.37% increase. As at 30 November 2024:

  • The median value for Houses in Footscray is $878,488 while the median value for Units is $500,425.
  • Houses have a median rent of $570 while Units have a median rent of $500.
There are currently 111 properties listed for sale, and 42 properties listed for rent in Footscray on OnTheHouse. According to CoreLogic's data, 562 properties were sold in the past 12 months in Footscray.

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