207/964 Mt Alexander Road, Essendon VIC 3040

207/964 Mt Alexander Road, Essendon VIC 3040
Modern 2-bed, 2-bath, 2-car apartment | Lift-access secure building | Stone kitchen finishes | Balcony terrace | Essendon corridor convenience This apartment holds a clear competitive edge for its product type. Two car spaces on title is genuinely uncommon in modern Essendon apartments, where one space is the norm. The stone benchtops, stainless appliances, and private terrace lift it above entry-level stock, making it a strong fit for owner-occupiers and downsizers who want lock-up-and-leave living without sacrificing quality. Its position on the Mt Alexander Road corridor gives direct access to CityLink, the airport, and Essendon Village, which broadens its appeal to professionals and investors seeking reliable rental demand. The secure entry and lift access add practical everyday value that older walk-ups simply cannot match. The value picture may hinge on the apartment’s floor level and aspect. A higher floor with a quieter orientation away from the arterial road might command a noticeable premium, while a lower-level unit facing the corridor could face more traffic noise and moderate buyer enthusiasm. The configuration itself—two bedrooms and two bathrooms—supports strong rental demand, but the absence of a confirmed aspect means the internal layout and balcony orientation should be weighed carefully. The modern finishes and building services may also carry a slight premium over older stock, though that premium could narrow if maintenance levies rise.
Detailed Independent Property Report prepared  by PropCred Analyst team for 207/964 Mt Alexander Road, Essendon VIC 3040
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✕ 2
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Essendon, an established suburb with excellent transport links and proximity to Melbourne’s CBD, sees demand from buyers and renters drawn to its expanding Essendon Fields precinct. Median house prices range from $1.65m to $1.9m, with annual growth varying from +1.1% to -5.4% depending on source; units range from $460k to $600k, with gross yields near 2% for houses and 4.9–5.1% for units. Days on market for houses are 41–51 days; units 35–41 days, indicating moderate turnover. A tight 1.18% vacancy rate and strong rental demand for units indicate a robust rental market. Future growth hinges on Essendon Fields commercial expansion, but affordability and conflicting capital-growth signals remain constraints.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Comparable Sales: 208/964 Mt Alexander Road similar 2/2/2 modern apartment; 209/1044-1046 Mt Alexander Road 1/1/1 sold around $320k–$350k | Property Price Band: $600,000–$700,000 | Value Drivers: two car spaces, modern kitchen finishes, secure lift-access building

Bedrooms

2

Bathroom

1

Parking

-

Land

1030m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat