197 Barkly StreetFootscray VIC 3011
Property Details for 197 Barkly St, Footscray
Last Listing description (November 2023)
In the heart of Footscray enjoying exposure to large daily pedestrian and traffic flows.
Close to Footscray Railway Station, new hospital, multiple schooling options, 5km from Melbourne CBD surrounded by thriving retailers, major banks, national retailers, and a plethora of multicultural displays and eateries with heaps of value add upside development (STCA).
*Ground floor offered with vacant possession (returning $46,000 p.a until October 2023)
*Land area 154sqm approx
*Two level building area 160sqm approx
*Frontage 5.8m approx
*Retail and residential premises with two separate entrances and tenants with ROW at rear to private lock up two space car park and abutting multiple space general car park
*3 phase power available
*Zoning: Activity Centre
OPPORTUNITY TOO GOOD TO MISS
Property History for 197 Barkly St, Footscray, VIC 3011
- 04 Nov 2023Sold for $1,150,000
- 04 Oct 2023Listed for Sale $1,050,000 to $1,150,000
- 15 Nov 2021Listed for Rent $370 / 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 14,262 properties. Over the last 5 years, Houses in Footscray have seen a 10.12% increase in median value, while Units have seen a 17.82% increase. As at 30 September 2024:
- The median value for Houses in Footscray is $938,666 while the median value for Units is $495,454.
- Houses have a median rent of $580 while Units have a median rent of $500.
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