SOLD
RECENT ADVICE
Sold on 04 Nov 2024 for $305,000

8/21 Richardson Street
Essendon VIC 3040

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 50m2
Land area: 749m2
Sold By
Simone Tramontana
McDonald Upton Real Estate
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Property Details for 8/21 Richardson St, Essendon

8/21 Richardson St, Essendon is a 1 bedroom, 1 bathroom Unit and was built in 1960. The property has a land size of 749m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom Unit sold in Essendon in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
50m2
Land Size
749m2
Local Government
Moonee Valley
Lot/Plan
8/RP640

Last Listing description (November 2024)

Positioned along one of Essendon's most blue-chip streets, this market entry or investment will reward with its walking distance access to Essendon Station, Mt Alexander Road trams and the retail and caf delights of North Essendon Village.

The first-floor apartment, in an old school boutique block, provides sun-washed lounge/dining with adjoining kitchenette containing gas stove and washing machine/dryer (no dealing with communal laundries!) A comfortable double bedroom has mirrored BIR's, ensuite bathroom (shower over tub) and cute balcony with green views.

Two split system air-conditioner units plus additional heating, engineered timber floors and off-street parking on title, complete a great little inner urban bolt hole for out-of-towners, fabulous first home opportunity or investment in a highly sought after rental area.

Property History for 8/21 Richardson St, Essendon, VIC 3040

A timeline of how this property has performed in the market
Last Sold
$305,000
04 Nov 2024
Listed for Rent
$265/w
08 Sep 2015
  • 04 Nov 2024
    Sold for $305,000
  • 22 Oct 2024
    Listed for Sale $270,000 - $295,000
  • 19 Jun 2020
    Sold for $317,000
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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 12,874 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 48 properties listed for sale, and 14 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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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.