703/59 Paisley Street, Footscray VIC 3011
703/59 Paisley Street, Footscray VIC 3011
63 m² two-two-one apartment | 2013 build in Footscray | compact floorplan with dual bathrooms | fits first-home and investor demand.
This apartment occupies a practical position in Footscray’s newer apartment stock, completed in 2013 within a 96-lot building. The 63 m² floorplan, while compact, includes two separate bathrooms, which is a genuine advantage for share-households or couples seeking morning flexibility. A single car space matches the typical offering for this price tier in the inner west. The property sits in an established urban suburb with good access to the city and local amenity, making it most suited to first-home buyers wanting low-maintenance entry into the market, or investors targeting consistent rental demand from professionals and small households who value convenience over space.
Several factors may influence the property’s value and eventual sale price. The compact internal area, at 63 m², sits at the smaller end for a two-bedroom apartment, which might limit appeal to buyers who prioritise living space over location. The building’s 2013 construction date means it is now over a decade old, so depreciation benefits for investors are partially used, and any future special levies for common-area repairs could affect holding costs. Without confirmed aspect or floor level, the unit’s light quality and outlook remain unknowns that could either support or soften its market position relative to similar listings in the building.
Detailed Independent Property Report prepared by PropCred Analyst team for 703/59 Paisley Street, Footscray VIC 3011
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
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
1.57 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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