47 Bunbury Street, Footscray VIC 3011
47 Bunbury Street, Footscray VIC 3011
47 Bunbury Street, Footscray is a 3-bedroom, 1-bathroom standalone house on 453m² with one car space and 108m² of internal living area. It sold for $1,222,000 in November 2020.
This property is competitively positioned as a classic Footscray house on a full-size block, which is becoming less common as the suburb densifies. The 453m² land component is its strongest feature, offering space that newer townhouses in the area simply cannot match. It is best suited for a buyer who values a standalone dwelling with room to extend or renovate, rather than a low-maintenance unit. The configuration of three bedrooms and one bathroom is standard for the area’s older housing stock, but the land size gives it an edge over more compact alternatives. It sits within a residential zone with no significant overlays, which simplifies future planning.
What may affect the property’s value is the single bathroom, which could limit appeal for families who prefer a second bathroom or an ensuite. The 2020 sale price of $1.22 million should be weighed against current market conditions, as values in Footscray have shifted since then. The house’s age and condition are not specified, so any deferred maintenance or need for updates could influence what a buyer is willing to offer. The absence of heritage overlays is a positive, as it leaves the door open for future alterations or a potential second dwelling, subject to council approval.
Detailed Independent Property Report prepared by PropCred Analyst team for 47 Bunbury Street, Footscray VIC 3011
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Footscray presents a compelling, transit-rich urban market anchored by strong rental demand from students, healthcare workers, and young professionals. This demographic drives investor interest, further supported by the appeal of heritage homes and new build-to-rent developments. Recent market conditions reflect a period of price adjustment across both houses and units, with sales activity showing resilience for houses. Future growth is underpinned by its infrastructure links and gentle densification, though sensitivity to broader affordability pressures remains a key market constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
453m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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