SOLD
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Sold on 14 Jun 2024 for $502,000

1/112-114 Mcpherson Street
Essendon VIC 3040

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 1/112-114 Mcpherson St, Essendon

1/112-114 Mcpherson St, Essendon is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Essendon in the last 12 months.

Building Type
Unit
Local Government
Moonee Valley
Lot/Plan
1/RP6134

Last Listing description (June 2024)

Nestled in a wonderfully quiet and well-maintained block, this exceedingly spacious, ground-floor gem offers a stand-out lifestyle or investment opportunity in a prized and prestigious Essendon enclave. Its impressive space a point of distinction, a considerable living/dining domain soaks in northern rays, adjoining a broad kitchen area with timber benchtops, soft-close cabinetry, and an integrated meals zone. Featuring a separate WC and combined bath/shower, a modern bathroom services two substantial bedrooms, with a sizeable master featuring impressive robe storage, a fitted dressing table, and private balcony. One of only six, further highlights include reverse-cycle heating and cooling, internal laundry facilities, a private car space, and zoning for acclaimed Strathmore Secondary College. Metres from the scenic Moonee Ponds Creek Trail while seconds from the playground, sporting courts, and open expanses of Montgomery Park, it's a short walk to popular cafés, renowned restaurants, and shopping options, while 59 trams, Essendon Station, and CityLink afford easy access to the city centre.

Property History for 1/112-114 Mcpherson St, Essendon, VIC 3040

A timeline of how this property has performed in the market
Last Sold
$502,000
14 Jun 2024
Listed for Rent
$295/w
08 Apr 2022
  • 14 Jun 2024
    Sold for $502,000
  • 16 May 2024
    Listed for Sale $440,000 - $480,000
  • 21 Jan 2022
    Listed for Rent $295 / week
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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 12,895 properties. Over the last 5 years, Houses in Essendon have seen a 21.21% increase in median value, while Units have seen a -3.61% decrease. As at 31 October 2024:

  • The median value for Houses in Essendon is $1,847,895 while the median value for Units is $544,365.
  • Houses have a median rent of $690 while Units have a median rent of $490.
There are currently 49 properties listed for sale, and 17 properties listed for rent in Essendon on OnTheHouse. According to CoreLogic's data, 516 properties were sold in the past 12 months in Essendon.

Suburb Insights for Essendon 3040

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Jayden Manno
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Bree Dickson
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Raine & Horne Essendon
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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.