408/8 Joseph Road, Footscray VIC 3011
408/8 Joseph Road, Footscray VIC 3011
Top-floor corner unit | River-to-city views | Three-bedroom with two secure parking | Oversized 114sqm in inner-west infill market | Strong rental yield profile.
The property offers a rare configuration in Footscray’s apartment market: a genuine three-bedroom, two-bathroom top-floor unit with two garage spaces and an internal area exceeding 110 square metres. This size and layout typically command a premium over standard two-bedroom flats, and the dual parking allocation is a material advantage in a suburb where secure car spaces are often scarce. The river and skyline views, combined with the split-system heating and cooling, built-in robes, and balcony, position the unit as a lifestyle-oriented purchase suited to owner-occupiers seeking inner-urban convenience without compromising on space. For an investor, the estimated weekly rent of $810–$1,045 supports a yield that compares favourably to nearby stock, and the recent 2024 sale at $880,000 provides a clear price benchmark.
The primary risk is the property’s status—it may have sold or been withdrawn from active listing, meaning a buyer must verify current availability and any price adjustment. If still on market, the indicative range of $840,000–$890,000 sits close to the 2024 transaction, offering limited short-term capital growth but reducing downside. The absence of flood, bushfire, or heritage overlays lowers holding risk, and the FTTP NBN and 5G coverage are supporting amenities rather than prime drivers. For a buyer, the opportunity is to secure a well-configured unit in a stable inner-west corridor with solid rental demand; hold for medium-term equity growth or occupy for lifestyle and lower commute costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 408/8 Joseph Road, Footscray VIC 3011
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Footscray presents a compelling, transit-rich urban market anchored by strong rental demand from students, healthcare workers, and young professionals. This demographic drives investor interest, further supported by the appeal of heritage homes and new build-to-rent developments. Recent market conditions reflect a period of price adjustment across both houses and units, with sales activity showing resilience for houses. Future growth is underpinned by its infrastructure links and gentle densification, though sensitivity to broader affordability pressures remains a key market constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
114m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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