39 Hedderwick Street, Essendon VIC 3040

6 bed house | 864sqm Essendon | strong owner-occupier street | rare large family footprint This property offers a genuinely rare configuration for Essendon: six bedrooms on a full 864-square-metre block in a street with 63% owner-occupancy. For a buyer seeking a multigenerational home or a property with space to reconfigure, the land-to-dwelling ratio is the primary competitive edge. The street’s sales history, including a recent $2.85 million transaction at number 84 and a five-bedroom comparable listed near $3.4 million, supports a clear value position. The property suits families who intend to hold long-term and value land depth over immediate cosmetic finish. The key risk is the absence of recent interior data or floor plans, meaning the buyer must budget for potential renovation costs, particularly if the existing layout does not maximise the land. The 2019 purchase price of $2.15 million provides a strong basis for negotiating below the current estimate range, but the off-market status limits competitive tension. The opportunity lies in securing a large block in a tight owner-occupier market where supply is constrained. Hold this property as a long-term family home, or consider a future subdivision if zoning permits.