40 Commercial RoadFootscray VIC 3011
Property Details for 40 Commercial Rd, Footscray
40 Commercial Rd, Footscray is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 597m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (January 2024)
Focus on this, located in an absolutely stunning tree-lined street on a generous 597m2 (approx.) lies an exciting opportunity for buyers looking to create their dream home or explore potential development opportunities (STCA). This extremely sought-after location is known for its convenience and proximity to all amenities. Enjoy the charm and tranquility of the street, which adds to the overall appeal and ambiance of the location. While the existing house is in an unlivable condition, it offers a unique opportunity for those with a vision to create a bespoke residence or residences (STCA). Footscray is a vibrant suburb known for its diverse culture, excellent eateries, and convenient amenities. It offers easy access to Melbourne CBD, with nearby public transport options and major roads. Don't miss out on this exciting opportunity to secure a property with vast potential in a highly desirable location.
Online Auction Link: https://x5u9a.app.goo.gl/XSFG
Property History for 40 Commercial Rd, Footscray, VIC 3011
- 05 Aug 2023Sold for $1,210,000
- 06 Jul 2023Listed for Sale Not Disclosed
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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 14,082 properties. Over the last 5 years, Houses in Footscray have seen a 16.97% increase in median value, while Units have seen a 17.44% increase. As at 31 July 2024:
- The median value for Houses in Footscray is $966,727 while the median value for Units is $476,603.
- Houses have a median rent of $570 while Units have a median rent of $490.
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