9/244 Pascoe Vale Road, Essendon VIC 3040

Essendon townhouse | 2 bed 2 bath | boutique complex | strong yield suburb | low days on market This property presents a compelling buying case for those seeking a well-positioned townhouse in a stable suburb. The 2-bedroom, 2-bathroom configuration with a single car space is a sought-after layout for both owner-occupiers and investors, and the generous room sizes with built-in robes add to its liveability. Its location near transport and amenities in Essendon, a suburb with a solid rental yield of 4.1%, suggests consistent demand. The property’s recent entry to the market with low days on hand indicates it is not stale, and the Expressions of Interest format can be advantageous for a buyer who is prepared to act decisively, as it may deter less committed competition. A key risk is the limited land size of 54m², which may constrain future capital growth compared to larger lots in the area, and the lack of a specific internal area for this unit makes direct value comparison difficult. The suburb’s recent -1.2% growth rate warrants caution, though this may be cyclical. An opportunity lies in the property’s energy efficiency score of 4.9, above the state average, which can reduce holding costs and appeal to environmentally conscious buyers. The 15-unit complex may have other listings, so checking for competitive pricing within the building is advised.