49 Bulla Road, Essendon North VIC 3041
49 Bulla Road, Essendon North VIC 3041
4 bed character home | 414sqm freehold | renovated classic | Essendon North pocket
This property offers a rare combination of freestanding character on a full 414sqm block in a suburb where most comparable homes sit on smaller lots or share walls. The 1930s faรงade with modern interior creates a genuine dual appeal , period buyers get the street presence and ceiling height, while families get a functional floorplan with four bedrooms and two bathrooms. The 41% building coverage leaves meaningful outdoor space, which is uncommon for a renovated home at this price point. This suits buyers who want move-in quality without paying a premium for a new build, and who value zoning for Essendon North Primary and Buckley Park College.
The main risk is the building size discrepancy between 125sqm and 168sqm , a buyer should verify internal floor area before committing, as the lower figure would make this a tighter layout than expected for four bedrooms. There is no heritage overlay, so future alterations remain possible, but the 7m roof height and attic-style features may limit cost-effective upper-level additions. The rental estimate of $860โ$1,070 per week supports strong holding power if plans change. Buy this for its land-to-improvement ratio in a school catchment, and hold as a long-term family home with renovation optionality intact.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 49 Bulla Road, Essendon North VIC 3041
Market Insight:
Essendon North is a well-located, established suburb attracting a professional demographic seeking proximity to the city and local amenities. Demand is driven by this cohort, favouring its convenience and character. Recent market conditions show a divergence, with house prices softening while the unit segment demonstrates resilience. Future growth is anchored in its enduring appeal, though the market remains sensitive to broader economic conditions influencing buyer sentiment.