61/100 Keilor Road, Essendon North VIC 3041
61/100 Keilor Road, Essendon North VIC 3041
2-bed, 2-bath, 1-car apartment | Modern mid-rise finish | Keilor Road tram at the door | Strong rental appeal | Main-road trade-off
This unit sits at the upper end of Essendon North’s apartment stock, and that position matters. The configuration is genuinely practical for a couple or a small household — two full bathrooms, a proper car space, and an open-plan layout that uses its 83 square metres well. Stone benchtops, fully tiled showers, and ducted heating and cooling lift it above the older, basic one-bedders that dominate the strip. For a first-home buyer wanting to live near the city without paying inner-north prices, or an investor chasing yield, this property delivers a rare balance of modern amenity and everyday convenience. The tram line outside is not just a feature; it is the reason this pocket holds its value.
The main-road location is the factor that might temper price growth, and it should be weighed honestly. Keilor Road carries traffic, and that means noise at peak hours and less of a quiet, leafy feel than side-street alternatives. The northerly aspect, if confirmed for this particular unit, would offset some of that by giving the balcony and living areas good light and a sense of openness. Rental demand is clearly active here, with comparable units leasing quickly, and the automated rent signal of around $625 per week suggests the income side is solid. Buyers should also note that the building’s exact age is unclear, though the finish points to a 2010s build, which keeps maintenance expectations reasonable.
|| Comparable Sales: 84/100 Keilor Road leased at $505/week in 2024; nearby 2-bed units in the complex transacting around $420,000–$460,000 | Property Price Band: $400,000–$500,000 | Value Drivers: modern finish, northerly light, tram access, and the practical 2-bed layout
Detailed Independent Property Report prepared by PropCred Analyst team for 61/100 Keilor Road, Essendon North VIC 3041
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Essendon North, 9km northwest of the CBD, is a compact, unit-heavy market (69% units) driven by thirty-something professionals on upper-middle incomes. Demand centres on proximity to parks, shops and the CBD, supporting small households in units. House prices are soft: medians span $965k–$1.4m, with most annual measures negative (down 8.1%, 7.5%, 6.99%, 5.5%); one series records +3.44%. Units are firmer: $400k–$425k, up 0.5%–6.9% annually; REIV’s $613k quarterly median moved 61.2%, likely compositional. Days on market range 31–51; house sales are thin, 30–39 in 12 months. Gross yields vary by source: 5.1% for units, 6.4% REIV, 2.01% Jellis Craig. Constraint: low house turnover and declining house values; unit demand and small-household structure provide a counterweight.
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PropCred Estimated Value
Comparable Sales: 84/100 Keilor Road leased at $505/week in 2024; nearby 2-bed units in the complex transacting around $420,000–$460,000 | Property Price Band: $400,000–$500,000 | Value Drivers: modern finish, northerly light, tram access, and the practical 2-bed layout
Bedrooms
2
Bathroom
1
Parking
1
Land
2020m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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