OFF MARKET

109/1142 Mt Alexander Road
Essendon VIC 3040

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 53m2
Land area: 2872m2
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Last updated 11 Nov 2024
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Property Details for 109/1142 Mt Alexander Rd, Essendon

109/1142 Mt Alexander Rd, Essendon is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1930. The property has a land size of 2872m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in July 2017.

Building Type
Unit
Year Built
1930
Floor Size
53m2
Land Size
2872m2
Local Government
Moonee Valley
Lot/Plan
108/PS529302

Last Listing description (July 2016)

On offer is a guaranteed return $604 per week for a 2 bedroom, 2 Bathroom 1 car apartment at Punt Hill, The Essendon Grand.
Strictly, only for the Investor is this roomy apartment with NEW 5 YEAR Lease just agreed, commencing on the 20th February 2016.
Existing tenant, PUNT HILL has been in occupation for the past 10 years & with another Two (2) further 5 year options.

No vacancy periods, no letting fees and no advertising for any new tenant.
The numbers are big; $31,416 per annum, $22,618 per month or $604 per week.
The apartment itself is located on the first floor of this iconic pub of yesteryear and is currently set up as 2 separate apartments, a spacious 1 bedroom apartment with lounge area and separate 1 bedroom studio apartment. Alternatively can be leased as a 2 bedroom, 2 bathroom apartment.
Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings, Euro laundry and secure basement car space.
Superb location with shops, public transport, pubs and major roads nearby.
Ideal for your own Superannuation fund.

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Property History for 109/1142 Mt Alexander Rd, Essendon, VIC 3040

A timeline of how this property has performed in the market
Last Sold
$350,000
20 Jul 2017
  • 20 Jul 2017
    Sold for $350,000
  • 07 Mar 2016
    Listed for Sale $420,000 to $450,000
  • 15 Jul 2006
    Sold for $379,000
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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 12,879 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 51 properties listed for sale, and 16 properties listed for rent in Essendon on OnTheHouse. According to CoreLogic's data, 516 properties were sold in the past 12 months in Essendon.

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