32B Wellington Street, West Footscray VIC 3012
32B Wellington Street, West Footscray VIC 3012
3-bed townhouse | West Footscray | family-oriented infill | higher-end stock | owner-occupier focus
This townhouse sits above the suburb’s typical unit market, offering a rare configuration for buyers seeking space without moving to a standalone house. The three-bedroom, two-bathroom, two-car layout suits young families and professional couples who want low-maintenance living near schools and transport. As newer medium-density stock in an established residential area, it competes in a segment where supply is limited compared to older apartments, giving it a distinct edge for those prioritising practical layout over character charm. The property’s position within a transitioning suburb adds to its appeal for owner-occupiers looking for a long-term home rather than an investment flip.
Value may be shaped by its land size, which is likely modest given the townhouse form, and by how its internal condition compares to similar stock in the immediate street. The lack of a confirmed building age could influence buyer perception, as newer builds often justify a premium, while older ones might require more upkeep. The surrounding market’s price gap between units and townhouses suggests resale potential holds if the property remains well-presented, but buyer appetite could soften if comparable options emerge nearby.
Detailed Independent Property Report prepared by PropCred Analyst team for 32B Wellington Street, West Footscray VIC 3012
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
West Footscray is an established inner-west suburb drawing demand from high-income professionals, with most households earning between $78,000 and $130,000 and working in professional roles. House prices are dispersed across sources, ranging from $840,000 to $990,000, with annual growth swinging from -4.5% to 7.0% depending on the data set, signalling a fragmented, price-sensitive market. Units range from $385,000 to $580,000, with most sources recording declines, including a 25.4% fall. Houses sell in 25–56 days, indicating steady turnover despite mixed price momentum. Rental yields favour units at roughly 5%, versus 3.1–4.1% for houses, supporting investor activity. The key risk remains rate sensitivity, evidenced by softening unit values and wide price variance, while future growth depends on infrastructure and schooling, for which no data confirms current drivers.
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PropCred Estimated Value
Comparable Sales: 51 Warleigh Road, Footscray sold $870k–$950k; 22 Wellington Street sold $800k | Property Price Band: $900k–$1.0M | Value Drivers: layout efficiency, condition, location proximity to schools and transport
Bedrooms
4
Bathroom
3
Parking
1
Land
178m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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