6A Butler Street, Essendon VIC 3040
6A Butler Street, Essendon VIC 3040
4-bed family townhouse | 3 bath, 2 car, 151m² | Flood overlay noted | North-facing deck, creek outlook | Essendon school zone
This townhouse holds a clear competitive edge in Essendon’s infill market: four bedrooms and three bathrooms in a compact, low-maintenance format that suits families who want space without the upkeep of a large block. The north-facing alfresco deck and green outlook toward 5 Mile Creek add a lifestyle layer rarely found in this product type, making it feel more like a house than a standard townhouse. It is best suited to owner-occupiers—particularly families with school-age children—given its zoning for Essendon Primary and Strathmore Secondary, both within easy walking distance. The internal-access double garage and security system round out a practical, secure package.
The flood overlay is the main factor that might temper buyer enthusiasm and, by extension, price. While it does not necessarily preclude lending or insurance, it can prompt additional due diligence and may narrow the buyer pool slightly. The small 151m² lot limits future extension potential, so value will rest heavily on the quality of the existing fit-out and the strength of the north-facing outdoor space. The rental estimate of $870 per week suggests solid income potential, but for a family buyer, the appeal lies in the finished product and location rather than land banking. Presentation and condition will likely drive how close offers come to the upper end of expectations.
|| Comparable Sales: 23 Butler Street sold $2.1M (4-bed contemporary house); 1/324 Buckley Street sold $1.15M (3-bed townhouse) | Property Price Band: $1.0M–$1.1M | Value Drivers: North-facing deck and outlook, 4-bed layout, flood overlay perception
Detailed Independent Property Report prepared by PropCred Analyst team for 6A Butler Street, Essendon VIC 3040
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Essendon, an established suburb with excellent transport links and proximity to Melbourne’s CBD, sees demand from buyers and renters drawn to its expanding Essendon Fields precinct. Median house prices range from $1.65m to $1.9m, with annual growth varying from +1.1% to -5.4% depending on source; units range from $460k to $600k, with gross yields near 2% for houses and 4.9–5.1% for units. Days on market for houses are 41–51 days; units 35–41 days, indicating moderate turnover. A tight 1.18% vacancy rate and strong rental demand for units indicate a robust rental market. Future growth hinges on Essendon Fields commercial expansion, but affordability and conflicting capital-growth signals remain constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 23 Butler Street sold $2.1M (4-bed contemporary house); 1/324 Buckley Street sold $1.15M (3-bed townhouse) | Property Price Band: $1.0M–$1.1M | Value Drivers: North-facing deck and outlook, 4-bed layout, flood overlay perception
Bedrooms
4
Bathroom
3
Parking
2
Land
151m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!