1040 Mt Alexander Rd, Essendon is a 11 bedroom, 10 bathroom House with 10 parking spaces. The property has a land size of 876m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Outstanding Investment or Development opportunity.
Complex of 10 apartments all on one title. Previously run as a hotel, this property is ideal for land banking, with excellent potential income now and the opportunity to reconfigure or redevelop in the future.
The Essentials:
The Village:
Situated on Essendon's most prestigious palm tree-lined streets. In close proximity to North Essendon Village Shopping precinct, public transport, schools, cafes, restaurants, parklands, Keilor Road, City Link, Tullamarine Freeway and tram stop, perfect for the city commute, approximately 8 to 9 kilometres from the CBD.
The Clincher:
An unmissable opportunity like this rarely presents itself in this wonderful Essendon position!
Pennisi Real Estate Essendon wishes you every success with your property hunt!
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 12,909 properties. Over the last 5 years, Houses in Essendon have seen a 41.83% increase in median value, while Units have seen a 2.16% increase. As at 31 August 2024:
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