815/59 Paisley StreetFootscray VIC 3011
Property Details for 815/59 Paisley St, Footscray
815/59 Paisley St, Footscray is a 2 bedroom, 1 bathroom Unit and was built in 2014. The property has a floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Footscray in the last 12 months.
Last Listing description (July 2024)
A rare and rewarding opportunity, in the heart of Footscray, perfect for the first-time investor or smart homebuyer. There is a lot on offer with this purchase, it is more than just what meets the eye...
Positioned centrally, all desired amenities are within a short walk from this home.
Coles, Kmart and various other shops are located on the lowest level of the building; Footscray Market, Barkly Street bars and restaurants, Footscray Library, the new Footscray Hospital site and Victoria University are all just around the corner. For a quick and easy commute to/from the city and surrounding suburbs, Footscray Train Station is less than 500m away.
Key features:
- Stylish kitchen with stone benchtops, breakfast bar, ample storage and gas cooktop
- Light-filled, open-plan living and dining space
- Spacious bedroom, complete with large study nook and built-in robes
- Generous central bathroom with large European laundry and floor to ceiling tiles
- Balcony spanning the entire width of the apartment
- Approximately 60m2 total
Current investment opportunity:
- Currently leased by a renter paying $536 a fortnight through an NRAS agreement
- Lease expiry of 18/08/24, with opportunity to renew
- Additional NRAS incentive of $11,168.56 per annum (expiring 29/7/24)
Property History for 815/59 Paisley St, Footscray, VIC 3011
- 28 Jun 2024Sold for $300,000
- 13 May 2024Listed for Sale $285,000 - $305,000
- 01 Nov 2023Listed for Sale Not Disclosed
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0About 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 14,292 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.
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