Unit 5, 18 SCHOFIELD STREET Essendon VIC 3040
This property is Off Market
- The Average property price in this area is $1,499,938, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 7.27 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Essendon - Aberfeldie
With an average age of 40, households expect an average monthly mortgage payment of $2,262 or a weekly rent payment of $366. The average family earns a weekly income of $3,594 with a typical household size of 2.4 and a 98.15% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Essendon ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Essendon classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Essendon requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
Public Transport
Stop 47: Mount Alexander Road
Stop 46: Lincoln Road
Stop 45: Glass Street
Stop 45: Leake Street
Stop 42: Grice Crescent
Stop 42: Shamrock Street
Stop 43: Brewster Street
Stop 43: Thistle Street
Stop 44: Thorn Street
Stop 44: Thorn Street
General Points of Interest
Central West Shopping Centre
Melbourne International Shooting Club
James Cook University
The Hive
Burke and Wills Memorial
Parkville Youth Justice Precinct
Lightning Room
Homemaker Centre
Central West Shopping Centre
Milleara Shopping Centre
Population
(Country of Birth not stated 3%)
Are people healthy?
There are a recorded 2565 asthma sufferers and 1111 people living with diabetes. In addition, 1253 people have a heart/vascular condition and 1982 people live with three or more chronic diseases.A good place to invest in property?
Essendon - Aberfeldie a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
74 / 100
52 / 100
Industry
54 / 100
17 / 100
Population
85 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
65 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsStrathmore Secondary College Strathmore Primary School
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St Therese's School
Essendon, VIC, 3040 Independent Prep-6
Property Story
Unit 5, 18 Schofield Street, Essendon, Vic, 3040 is a residential property with 2 bedrooms, 1 bathrooms and 1 Parking spaces. The estimated value of this home is $820,000 while properties of this type typically sell for between $355,000 and $1,900,000 in this suburb. The estimated distance to the sea is 7.27km and at least 2.9KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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