1/2 Balmoral Street, Essendon VIC 3040
1/2 Balmoral Street, Essendon VIC 3040
This is a two-bedroom two-bathroom two-level townhouse on a shared 920m² lot with one car space. It includes built-in robes gas heating and a lightfilled openplan living area. The property is part of a multiunit configuration where address numbering varies across records (1/2, 2/2, or 2/12). It is positioned as an entrylevel or investment stock within Essendon a leafy established suburb where standalone family homes dominate.
What is competitively strong about this property is its usable two-level layout and practical finishes like the contemporary bathroom and gas heating which make it comfortable for downsizers or firsthome buyers. It is situated in a suburb known for good school catchments and transport links but this townhouse offers a more affordable entry point than the larger period homes nearby. The light filled interior is a genuine advantage in a market where natural light is sought after. This property is best suited for buyers seeking a lowmaintenance base in a solid location without paying a premium for a large land holding.
The variation in address numbering across records may create some confusion during title searches or for future buyers which could temper demand or affect perceived value. The shared 920m² lot limits private outdoor space and might not appeal to families wanting a garden. However the proven sale price from mid2025 suggests the market accepts these constraints for the price point. A buyer should weigh the address inconsistency against the properties practical interior and location advantages when forming a view on its worth.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/2 Balmoral Street, Essendon VIC 3040
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
920m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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