SOLD
Sold on 07 Feb 2024 for $2,600,000

13 Gordon Street
Footscray VIC 3011

Bedrooms: 1
Bathrooms: 14
Car spaces: -
Land area: 1019m2
Sold By
Gerard Hannan
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Steele Sexton
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Property Details for 13 Gordon St, Footscray

13 Gordon St, Footscray is a 1 bedroom, 14 bathroom Unit. The property has a land size of 1019m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Footscray in the last 12 months.

Building Type
Unit
Land Size
1019m2
Local Government
Maribyrnong
Lot/Plan
19~15B/PP2478

Last Listing description (May 2024)

To be sold together as one dynamic package, this entire block of units is the savvy investment opportunity you have been waiting for. With a potential return of $155,000 per annum (approx.), the group of 14 residences is the perfect addition to any property portfolio - simply snap it up, sit back and reap the rewards.

? Exciting opportunity to procure an entire block of 14 units on approx. 1019sqm.
? Each unit boasts a practical floorplan with bedroom, living, kitchen & bathroom/laundry.

? Rent them out as is or update further with some easy contemporary enhancements to improve your rental return.
? This convenient & central Footscray address is within minutes of the CBD via trains & trams for a stress-free workday commute.
? Victoria University, Footscray Hospital, local shops and Highpoint shopping centre are all close by for the daily ease of residents.
? Nearby schools include Maribyrnong Secondary College, Footscray High School and Footscray North Primary School.
? Potential new development site - rent the units out now while you explore options for a band-new multi-dwelling development (STCA).

Property History for 13 Gordon St, Footscray, VIC 3011

A timeline of how this property has performed in the market
Last Sold
$2,600,000
07 Feb 2024
  • 07 Feb 2024
    Sold for $2,600,000
  • 29 Jun 2023
    Listed for Sale $2,800,000
  • 21 Jan 2020
    Listed for Rent $230 / week

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About Footscray 3011

The size of Footscray is approximately 5 square kilometres. It has 25 parks covering nearly 15.1% of total area. The population of Footscray in 2011 was 13,202 people. By 2016 the population was 16,336 showing a population growth of 23.7% in the area during that time. The predominant age group in Footscray is 20-29 years. Households in Footscray are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Footscray work in a professional occupation. In 2011, 42% of the homes in Footscray were owner-occupied compared with 36.6% in 2016.

Footscray has 14,288 properties. Over the last 5 years, Houses in Footscray have seen a 8.94% increase in median value, while Units have seen a 14.88% increase. As at 31 October 2024:

  • The median value for Houses in Footscray is $950,860 while the median value for Units is $495,776.
  • Houses have a median rent of $570 while Units have a median rent of $500.
There are currently 117 properties listed for sale, and 46 properties listed for rent in Footscray on OnTheHouse. According to CoreLogic's data, 565 properties were sold in the past 12 months in Footscray.

Suburb Insights for Footscray 3011

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Contact agent
Gerard Hannan
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Steele Sexton
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Compton Green
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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.