1802/8 Joseph Road, Footscray VIC 3011
1802/8 Joseph Road, Footscray VIC 3011
This is a high-floor, two-bedroom, two-bathroom apartment in the Riverfront complex at 1802/8 Joseph Road, Footscray. It includes one car space, and the unit number indicates it is on the 18th floor. The property is described as sundrenched with large proportions, and it sits within the Maribyrnong council area with no noted bushfire risk.
What is competitively strong about this property is its combination of high-floor positioning and generous internal proportions, which are uncommon for a two-bedroom apartment in Footscray. The sundrenched aspect and the sense of space it provides give it a distinct edge over the typical low-rise or mid-rise stock in the suburb. This unit best serves a buyer who values light, openness, and a riverfront address over the street-level character of older Footscray. It is well suited to young professionals or investors looking for a property that stands out in its segment, with strong appeal to tenants who prioritise a premium living environment.
What might materially affect value or sale price is the lack of detailed information about the building’s age and any communal amenities like a pool or gym. If the building is older or lacks these features, it could limit the premium some buyers are willing to pay. The 2021 sale price of $561,500 provides a reference point, but the current listing range suggests the market has moved. A buyer should weigh the trade-off between the high-floor advantage and the potential for noise from nearby roads, depending on the apartment’s exact orientation. The property’s value may also be influenced by how it compares to newer developments in the area, which could offer more modern finishes or better amenity packages.
Detailed Independent Property Report prepared by PropCred Analyst team for 1802/8 Joseph Road, Footscray VIC 3011
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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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
2
Bathroom
2
Parking
1
Land
88m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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