5/33 Lawson Street, Essendon VIC 3040
5/33 Lawson Street, Essendon VIC 3040
2-bed townhouse | Lawson Street, Essendon | $790K suburb median | 69% auction clearance | owner-occupier demand
This townhouse offers a compact, low-maintenance footprint that suits downsizers and first-time buyers seeking proximity to Moonee Ponds Primary School and Strathmore Secondary College. Its two-bedroom, two-bathroom configuration is efficient rather than spacious, appealing to those prioritising location over square footage. The 2020 sale indicates recent transaction activity, and the street’s established residential character—near Montgomery Reserve and Moonee Ponds Creek Trail—reinforces a walkable, family-friendly environment. With 29 average days on market and steady auction clearance, demand is consistent but not frenzied, making this a sensible entry point into Essendon’s townhouse market rather than a standout opportunity.
Value may hinge on internal condition and any updates since 2020, as finishes are unconfirmed. The absence of land size or title details could affect buyer confidence, while the 100% owner-occupancy micro-area signal suggests limited rental turnover, potentially capping investor interest. The $700k–$750k guide sits below the suburb’s 2-bedroom median, but that median reflects houses—townhouses typically trade at a discount. Buyers should weigh renovation potential against the compact layout, as presentation will likely drive competition more than location alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/33 Lawson Street, Essendon VIC 3040
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Essendon, an established suburb with excellent transport links and proximity to Melbourne’s CBD, sees demand from buyers and renters drawn to its expanding Essendon Fields precinct. Median house prices range from $1.65m to $1.9m, with annual growth varying from +1.1% to -5.4% depending on source; units range from $460k to $600k, with gross yields near 2% for houses and 4.9–5.1% for units. Days on market for houses are 41–51 days; units 35–41 days, indicating moderate turnover. A tight 1.18% vacancy rate and strong rental demand for units indicate a robust rental market. Future growth hinges on Essendon Fields commercial expansion, but affordability and conflicting capital-growth signals remain constraints.
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PropCred Estimated Value
Comparable Sales: 2/33 Lawson St 3-bed townhouse ~$990K (Mar 2025); 8/38 Lawson St 2-bed contemporary townhouse | Property Price Band: $700K–$800K | Value Drivers: internal condition, layout efficiency, street proximity to schools and open space
Bedrooms
2
Bathroom
2
Parking
1
Land
130m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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