106/205 Ballarat Road, Footscray VIC 3011
106/205 Ballarat Road, Footscray VIC 3011
Modern 2-bedroom apartment | New build in vibrant Footscray | Secure with car space | $550 per week rental listing
This unit presents a competitively strong proposition as a new, low-maintenance property in a high-amenity inner-west location. Its modern finishes, two bathrooms, and dedicated car space are premium features for an apartment, catering specifically to investors seeking a turnkey property or owner-occupiers prioritizing convenience and connectivity. The immediate proximity to Footscray’s amenities and public transport underpins its rental appeal and lifestyle utility, serving professionals or small households effectively.
The primary risk is the absence of recent sale data for this specific unit or complex, preventing precise valuation and yield calculation. You must commission a strata report to assess body corporate health and future levies. The opportunity lies in securing a modern property in a tightly held location, where scarcity of new stock supports capital growth. Acquire this for its rental income and strategic hold, as its configuration is suited to sustained tenant demand.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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.