16/41 Moreland Street, Footscray VIC 3011
16/41 Moreland Street, Footscray VIC 3011
1 bed north-facing balcony | boutique complex Footscray | stone kitchen and glass | sold $430k 2024
This north-facing one-bedroom apartment in a boutique Footscray complex offers a configuration that stands out from typical entry-level stock. The private balcony and floor-to-ceiling glass bring in strong natural light, while the stone kitchen and appliances lift the interior beyond basic spec. It sits on a 1,511 m² lot within a tightly held building that mixes one and two-bedroom units, which suggests a well-established complex rather than a transient high-rise. The inclusion of a car space adds practical value in this inner-west pocket, making it particularly suited to first-home buyers, young professionals, or investors seeking a low-maintenance property with decent light and amenity near the Maribyrnong River and Footscray’s activity centre.
The sale price of $430,000 in 2024 provides a recent benchmark, but the building’s sales history shows variation across unit sizes, with a two-bedroom selling for $570,000 in early 2025. This spread may indicate that the subject’s one-bedroom format sits at the smaller end of the complex’s value range, and its north-facing aspect might command a slight premium over similar units without that orientation. The lack of confirmed floor level, lift access, or storage details means a buyer should inspect to assess outlook and noise exposure, as these factors could influence resale appeal. Rental demand appears plausible given the configuration, but without advertised rent or vacancy data, yield assumptions remain speculative and should be verified against current market rents in the immediate area.
Detailed Independent Property Report prepared by PropCred Analyst team for 16/41 Moreland Street, Footscray VIC 3011
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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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.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1511m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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