FOR SALE
$660,000

901/1 Moreland Street
Footscray VIC 3011

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 96m2
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Attention investors

Attention investors! Secure a premium, high-return opportunity with this stunning 9th-floor apartment at 901/1 Moreland Street, Footscray, currently leased at a fixed rent of $650 per week. This property presents the perfect combination of high rental yield, low overheads, and prime urban location.
With incredibly low annual body corporate fees of just $2,486 and council rates at $1,340 per year, your investment costs are minimal, allowing you to maximize your returns.
This exquisite three-bedroom apartment is designed for modern living, featuring sleek finishes and spacious interiors. Located just minutes from the Melbourne CBD, Footscray shopping precinct, and excellent transport links, it offers tenants the ultimate convenience and lifestyle appeal.
Inside, you'll find three generously sized bedrooms, two with built-in robes, and a stunning open-plan living, dining, and kitchen area. The kitchen is equipped with quality benchtops, a built-in pantry, and a full suite of 600mm stainless steel BOSCH appliances, including a dishwasher. The living area extends to a sun-drenched balcony with captivating views-ideal for relaxation.
With two luxury bathrooms, a European laundry, heating and cooling, and two secure car spots, this property has it all. Additional features include an intercom system, quality floorboards, window furnishings, and downlights, offering a truly high-end living experience.
Located just 5.8km from the Melbourne CBD, this investment promises a strong rental return in a prime location. Seize this outstanding opportunity today!
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Property Details for 901/1 Moreland St, Footscray

901/1 Moreland St, Footscray is a 3 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a floor size of 96m2. The place is currently for sale with Nicholas Scott.

Building Type
Apartment
Floor Size
96m2

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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 14,247 properties. Over the last 5 years, Houses in Footscray have seen a 10.12% increase in median value, while Units have seen a 17.82% increase. As at 30 September 2024:

  • The median value for Houses in Footscray is $938,666 while the median value for Units is $495,454.
  • Houses have a median rent of $580 while Units have a median rent of $500.
There are currently 93 properties listed for sale, and 48 properties listed for rent in Footscray on OnTheHouse. According to CoreLogic's data, 580 properties were sold in the past 12 months in Footscray.

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