1/227 Buckley Street, Essendon VIC 3040
1/227 Buckley Street, Essendon VIC 3040
A single-level, two-bedroom, one-bathroom unit with one car space on a 222-square-metre shared lot. This is a ground-floor unit in a tightly held block of four, bathed in northern light and beautifully renovated. Its configuration is rare for Essendon, offering single-level certainty with street frontage in a low-density setting.
What is competitively strong here is the rarity of a low-rise, single-level unit in a suburb dominated by large period houses and newer high-rise developments. The northern light and modern finishes give it a fresh, move-in-ready quality that appeals strongly to downsizers seeking convenience without stairs, and to first-home buyers wanting a foothold in a premium postcode. Its position in a tightly held block of four suggests stable long-term value, as such stock rarely turns over. This property serves best those who prioritise location, light, and low-maintenance living over expansive land.
What may materially affect value is the shared land component, which limits private outdoor space and future expansion potential. The single car space might be a constraint for households with multiple vehicles. While the renovation is described as beautiful, the age of the original building could introduce maintenance considerations shared with neighbours. The unit’s price positioning within the suburb may also reflect a premium for its renovated state and low-density character, so buyers should weigh whether the configuration and location justify the asking level relative to other unit options in the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/227 Buckley Street, Essendon VIC 3040
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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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
222m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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