70 Eleanor Street, Footscray VIC 3011
70 Eleanor Street, Footscray VIC 3011
4-bed 3-bath townhouse | family layout with 2-car parking | walk to Footscray Hospital and schools | modern infill stock in a mixed inner-west pocket
A four-bedroom townhouse with three bathrooms and two car spaces is a larger format than most infill stock in Footscray, which tends toward compact two- and three-bedroom units. The layout and parking make it particularly suited to families seeking low-maintenance living without trading away space. Its catchment position within Footscray North Primary School and Footscray High School, combined with proximity to the hospital and medical precinct, reinforces its appeal to owner-occupiers who value convenience and a short commute. The property is positioned within a mixed residential streetscape where modern townhouses and apartments sit alongside older housing, so it offers a practical, contemporary alternative for buyers who might otherwise consider detached houses at a higher price point.
The value may be influenced by the exact finish package, orientation, and the size of private outdoor space, as these are common differentiators in modern townhouse developments. Local market dynamics might be expected to shape the outcome, particularly how selective buyers are at this price level.
Detailed Independent Property Report prepared by PropCred Analyst team for 70 Eleanor Street, Footscray VIC 3011
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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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: 1/12 Eleanor Street 3-bed townhouse sold $650k in 2022 | Property Price Band: $1.0M–$1.1M | Value Drivers: modern condition, large layout, school and hospital proximity
Bedrooms
3
Bathroom
2
Parking
5
Land
159m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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