2/12 Eleanor Street, Footscray VIC 3011
2/12 Eleanor Street, Footscray VIC 3011
2-bed townhouse | 52m² compact lot | School catchment | Low-maintenance inner-west | Renter-friendly demand
A two-bedroom townhouse on a 52 m² lot is offered with one bathroom and one car space. The compact configuration is matched by a highly accessible location in Footscray, where schools, transport options, and health services are within easy reach. This townhouse is best suited to first-home buyers, young professionals, and investors who value low-maintenance living. The zoning for Footscray North Primary School and Footscray High School is seen as a notable advantage. No bushfire, flood, or heritage overlays are identified, which simplifies the purchase process and ongoing ownership.
Compact land size may be seen as limiting redevelopment, though the layout uses space efficiently. Internal finish may be considered the key value factor. Multi-level living could be preferred by some, not others. School zoning and hospital proximity are expected to support demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/12 Eleanor Street, Footscray VIC 3011
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Footscray is a densifying inner-urban market, underpinned by strong rail access and CBD proximity. Investor demand comes from a high concentration of students, healthcare workers and young professionals; Edwardian and Victorian homes appeal to families. House prices are around $920,000, down 3–4.5% over the past year. Units sit near $457,000, with sharper declines of 13.5–18%. Houses sell in 35–39 days. Rental demand is firm: houses lease for $590–620 weekly, units $520–525. Gross unit yields near 6%, against 3.45% for houses, making the compact segment the stronger investment proposition. Growth drivers include modern high-rise development, build-to-rent supply like Indi Footscray, and transport-linked demand. Key risks are affordability pressure, evident in negative capital growth, and rate sensitivity that leaves prices exposed to further adjustment.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 4/12 Eleanor Street sold $570k, 1/12 sold $650k | Property Price Band: $550k-$650k | Value Drivers: land size, layout, school catchment
Bedrooms
2
Bathroom
1
Parking
1
Land
52m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!