16 Commercial Road, Footscray VIC 3011

Large period house on 382sqm | Walkable city-fringe pocket | Renovation-ready with original character | Family or renovator appeal This is a generously proportioned period house on a substantial land holding for its location, positioned within a leafy heritage street that is uncommon to find in this part of Footscray. The configuration — three bedrooms, one bathroom, and 131 square metres of internal space on 382 square metres of land — offers a rare combination of established character and future flexibility. It will most suit an owner-occupier seeking a city-fringe lifestyle with walkability to amenity, or a renovator looking to add value through updating and potentially extending the footprint. The existing layout already includes formal and open-plan living zones, a covered alfresco area, and original details such as high ceilings and fireplaces, which underpin its appeal as a home with both immediate livability and enhancement potential. The property’s price may be influenced by the fact it has not been substantially updated in recent years, meaning a buyer should factor in renovation costs. Its land size and zoning may allow for extension subject to council approval, which could significantly increase its value but also introduces planning risk. The moderate rental yield of around 3.3% suggests it is priced more for owner-occupier demand than investment return, and a buyer should weigh whether the premium for a heritage street location is justified by the condition and permitted development scope.