SOLD
Sold on 30 Aug 2024 for $1,410,000

204 Buckley Street
Essendon VIC 3040

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 449m2
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Property Details for 204 Buckley St, Essendon

Building Type
Commercial
Land Size
449m2
Local Government
Moonee Valley
Lot/Plan
1/TP680971

Last Listing description (May 2023)

Vinci Carbone are pleased to offer for sale 204 Buckley Street, Essendon. This high profile development site provides an excellent opportunity for developers or occupiers to unlock the development potential of this site. This prestigious and prominent landholding is for sale for the first time in 56 years. An exceptional offering that will suit a variety of uses (STCA).

Key highlights:


449 sqm* of Commercial 1 zoned land with a 12 metre* street frontage onto Buckley Street
Flexible options for development STCA
Short term combined income of $60,933per annum*
Car parking is provided on site


The property is well serviced by major arterial roads, namely Tullamarine Freeway, Calder Highway and the Western Ring Road, all within close proximity offering easy access to the Melbourne CBD, airports and all areas of Melbourne.

Essendon is well serviced by various forms of public transport with Tram 59 along Mt Alexander Road to the City and train services available from Essendon Station (only a 7 minute* walk). Bus services are also available from Essendon Station.

The property is complemented by a notable display of strip shopping and cafes along Rose Street and Mount Alexander Road and the nearby Highpoint Shopping Centre which has over 500 speciality stores. Essendon DFO is also in easy reach with more than 100 bargain stores as well as Essendon Fields which is a commercial, retail and aviation precinct.

*approx.

Property History for 204 Buckley St, Essendon, VIC 3040

A timeline of how this property has performed in the market
Last Sold
$1,410,000
30 Aug 2024
  • 30 Aug 2024
    Sold for $1,410,000
  • 20 Sep 2022
    Listed for Sale Contact Agent

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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 12,969 properties. Over the last 5 years, Houses in Essendon have seen a 7.17% increase in median value, while Units have seen a -3.20% decrease. As at 31 December 2024:

  • The median value for Houses in Essendon is $1,704,042 while the median value for Units is $563,598.
  • Houses have a median rent of $650 while Units have a median rent of $500.
There are currently 38 properties listed for sale, and 17 properties listed for rent in Essendon on OnTheHouse. According to CoreLogic's data, 551 properties were sold in the past 12 months in Essendon.

Suburb Insights for Essendon 3040

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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.