51 Warleigh Road, Footscray VIC 3011
51 Warleigh Road, Footscray VIC 3011
3-bed double-garage townhouse | Footscray family pocket | school-zone edge | three-level living | north-facing balcony
This townhouse holds a clear competitive edge in Footscray’s inner-west market, where most attached stock settles for two bedrooms and a single car space. The three-bedroom, two-bathroom, two-car configuration targets families and upgraders who want low-maintenance living without sacrificing space or parking. Being zoned for Footscray West Primary and Footscray High, with West Footscray Station within walking distance, strengthens its appeal to owner-occupiers prioritising school access and commute convenience. The north-facing main balcony and stone-topped kitchen lift it above typical townhouse offerings, making it a strong fit for buyers seeking a turnkey home in an established, village-oriented suburb.
The three-level layout is the main factor to weigh, as it may limit appeal for downsizers or households with young children who prefer single-level flow. The absence of a ground-level courtyard means outdoor space is balcony-based, which could affect buyers wanting a private garden or secure play area. The price guide sits above entry-level Footscray units, so the sale outcome will depend on how much premium buyers assign to the double garage and school-zone position. Presentation quality and the contemporary finish are likely to support value, but the vertical format may narrow the buyer pool slightly compared with detached houses on similar budgets.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Warleigh Road, Footscray VIC 3011
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
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: 15 Warleigh Road house sold near $1.26M; 2/51-53 Alma Street villa unit lower-priced | Property Price Band: $870K–$950K | Value Drivers: double garage, school zone, north-facing balcony, turnkey condition
Bedrooms
3
Bathroom
2
Parking
2
Land
115m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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