23 Donald Street, Footscray VIC 3011
23 Donald Street, Footscray VIC 3011
Single-fronted Victorian | Land-driven rarity in an apartment-heavy street | Footscray Station walkable | 2011 sale record | Period character likely
The property is best understood as a rare house offering on a street where unit and apartment supply dominates the immediate context. Its single-fronted Victorian form fits Footscray’s older residential fabric, where period detailing, compact lots, and rear laneway access are typical. What distinguishes this listing from surrounding unit stock is the land component, and land-driven properties tend to hold value differently through market cycles. The recorded 2011 transaction suggests a long-held holding, which often leaves more room for negotiation than recently flipped listings. A buyer wanting period character, scope to renovate or extend, and the convenience of an established inner-west location would be best served here.
The final value may hinge on the condition of the original fabric, since unrenovated single-fronted Victorians usually require meaningful capital outlay for wiring, plumbing, and kitchen works. A heritage overlay might restrict external changes, though internal modernisation generally remains feasible. Land size and rear access could shape extension potential, and a north-facing rear yard might improve liveability. Softness in parts of Footscray’s market may also affect resale timing, though house stock typically draws broader demand than apartments.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Donald Street, Footscray VIC 3011
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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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.
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PropCred Estimated Value
Comparable Sales: 23A Gordon Street sold at $955,000 (renovated Victorian on a 624m² lot) and 502/99 Donald Street sold at $595,000 (2-bedroom apartment) | Property Price Band: $800,000–$900,000 | Value Drivers: renovation condition, land size, period character
Bedrooms
3
Bathroom
1
Parking
1
Land
261m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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