411a/10 Droop St, Footscray is a 1 bedroom, 1 bathroom Unit and was built in 2011. The property has a floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
The Feel
The ideal start out or one to add to the investment portfolio, the choice is yours!
This well appointed one bedroom apartment is right in the heart of Footscray and only moments away from restaurants, shopping, university and public transport. With a previous rental yield of in excess of 7% per annum the options are endless.
The Facts
- Outstanding rental return with a potential yield in excess of 7%
- Optimal natural light with East, Northeastern orientation
- Clever floorplan design, creating spacious areas throughout
- Large open plan living area
- Well appointed kitchen with stainless steel gas appliances
- Modern fully tiled oversized bathroom
- European laundry
- Mitsubishi split system heating and cooling
- Consistent LED lighting throughout the home
- Secure entry into the complex
- Communal complex entertaining area
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:
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