14 Loeman Street, Essendon VIC 3040

Essendon north edge | renovated 3-bed on small lot | low-turnover street with high owner-occupancy | school-catchment advantage. The property sits on a compact 104m² lot but has been renovated to a standard that removes the typical compromise of a small footprint-hardwood floors, full insulation, and a layout that works for a couple or small family. The street profile is unusually stable: 80% owners and 62% long-term residents on a 19-property block with no recent sales, which means low supply and a patient seller base. For a buyer targeting Essendon’s primary school zone without paying the suburb median of $1.37m, this offers a less common entry point. The main risk is the lot size-104m² limits future subdivision or extension potential, and the heritage overlay on the street may restrict external changes. The listing discrepancy between 0 and 3 baths creates a due diligence cost: a building and pest inspection is non-negotiable. The auction date is set for 30 May, giving a short window to inspect council records and confirm floor area. Before an offer is made, the detailed report should test the valuation, comparable sales, rental evidence and site-specific risks rather than relying on the headline features alone.