15 Maddock Street, Footscray VIC 3011

3-bedroom house | quiet established pocket | land size 435-534m² | last sold Oct 2021 for $975k | estimated value $930k This property presents a rare buying case in Footscray’s tightly held inner-west market. The 3-bedroom, 1-bathroom configuration on a block of 435-534m² offers genuine land value that is becoming scarce in this corridor. The quiet, established pocket within Maribyrnong LGA provides a stable residential character that appeals to both families and investors seeking long-term hold potential. The land size, even at the lower estimate, positions the house as a candidate for future renovation or extension, giving a buyer optionality that finished properties lack. FTTP availability adds a supporting layer of appeal for remote workers. The primary risk is the land size discrepancy between sources, which could indicate boundary or title ambiguities that may affect financing or future subdivision potential. The estimated value of $930,000 sits below the 2021 purchase price, suggesting the market has softened slightly for this property type. A buyer should verify the exact land dimensions through a survey before committing. The opportunity lies in holding the house for 3-5 years while the Footscray market continues its steady appreciation, then considering a renovation to unlock equity. Use this property as a patient land bank in a growth corridor.