9 Nicholson LaneEssendon VIC 3040
Property Details for 9 Nicholson Lane, Essendon
Last Listing description (January 2024)
Embrace fashionable compact living and utilise approved plans and permits to build a sleek new one bedroom residence or make the most of the fantastic locale by conceiving and creating your own dream home (subject to council approval). Nestled at the end of a lane the site could hardly be handier when it comes to nearby transport options and enticing local haunts. Scoop this rare opportunity at an attractive price point to enjoy a vibrant lifestyle - so close to cafes, bars, Windy Hill, local shops, trams and trains, the locale has a lot to offer. Build a stylish low maintenance base as the perfect launching pad for each day and never look back. Approved plans with permits include a practical two storey abode with a first floor bedroom and ensuite poised above an open plan kitchen, dining and living domain served by a powder room. Seize the opportunity and take your first steps towards becoming a proud Essendon resident today.
For more information regarding the permit please contact Walter Mahch on 0402 989 300.
Property History for 9 Nicholson Lane, Essendon, VIC 3040
- 06 Sep 2023Listed for Sale Not Disclosed
- 30 Aug 2023Sold for $310,000
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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 12,908 properties. Over the last 5 years, Houses in Essendon have seen a 32.87% increase in median value, while Units have seen a 6.70% increase. As at 31 July 2024:
- The median value for Houses in Essendon is $1,820,257 while the median value for Units is $557,098.
- Houses have a median rent of $695 while Units have a median rent of $480.
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