22 Wellington Street, West Footscray VIC 3012

22 Wellington Street, West Footscray VIC 3012
3-bed family house on compact 304m² block | renovated character in established inner-west | two car spaces rare for this size | price-history discrepancy warrants caution A detached house on a compact 304m² block is considered a competitive offering in this inner-west suburb, given its three-bedroom, two-bathroom configuration with two car spaces. The mix of renovated finishes and retained character appeals to families and owner-occupiers seeking a walkable location near schools and transport. This property serves buyers who prioritise landholding over new-build finishes, with a manageable block that supports potential for further improvement or personalisation. The price-history discrepancy between the recent recorded sale and the current marketing range may warrant careful consideration. Unverified orientation and build age could affect light and long-term maintenance, while the compact block may constrain future extensions. These factors might influence the property’s relative value in the current market.
Detailed Independent Property Report prepared  by PropCred Analyst team for 22 Wellington Street, West Footscray VIC 3012
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk
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Market Insight

West Footscray presents a compelling, dual-track market where established houses demonstrate solid demand and resilience, supported by a professional demographic, while the unit segment faces price headwinds. Demand is anchored by owner-occupiers and investors drawn to its established housing stock, with houses transacting efficiently, indicating sustained appeal. The divergence in performance between asset classes highlights a market where quality and scarcity are paramount, with future growth contingent on broader economic conditions and the relative scarcity of well-located family homes.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

304m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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