8/116 Glass Street, Essendon VIC 3040
8/116 Glass Street, Essendon VIC 3040
Four-bedroom townhouse in central Essendon | rare configuration for families | walk to village and transport | modern with private courtyard
The property is positioned as a distinctive four-bedroom offering in a tightly held Essendon pocket where three-bedroom townhouses dominate the supply. Its modern layout, open-plan living, and private courtyard mark it as low-maintenance without sacrificing spaceโa configuration that attracts both family upgraders and downsizers seeking proximity to the village, schools, and transport. The demand dynamic is sharpened by the limited inventory of four-bedroom townhouses within walking distance of Strathmore Secondary and Essendon North Primary.
The risk is anchored in price uncertainty given no direct recent sale for this specific unit type on Glass Street; buyers should commission a comparable sales analysis with a focus on four-bedroom townhouses within a 500-metre radius. The opportunity rests in the propertyโs location premiumโwithin Essendonโs residential corridor that supports stable capital growth over time. This house suits owner-occupation as a long-term hold, with rental yield secondary to equity accumulation.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 8/116 Glass Street, Essendon VIC 3040
Market Insight:
Essendon is an established, well-connected suburb appealing to those seeking proximity to the city. Demand is driven by its strong transport links and expanding local precincts, attracting both owner-occupiers and a significant rental population. Recent market conditions show divergent price signals, with house values experiencing pressure while the unit market demonstrates stronger rental demand and yields. Future growth is anchored by its enduring appeal and infrastructure, though affordability constraints and inconsistent capital growth present notable risks.