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Overview
This distinctive Art Deco brick residence combines generous accommodation with versatile commercial potential, situated on a sizeable 490 square metre block in a family-friendly locale of Essendon. Boasting eight spacious bedrooms and two bathrooms, this fully renovated home comfortably caters to a large family or multiple occupants. The presence of two fully equipped kitchens, each with integrated fridges, offers conveniences suitable for dual living arrangements or enhanced rental income strategies.
Beyond its residential appeal, the property features its own shopfront and currently operates under a long-term lease as an education centre, providing immediate investment returns. The flexibility to occupy, retain as an income-producing asset, or explore redevelopment opportunities subject to council approval (STCA) affords a range of options for homeowners and investors alike.
Internal comfort is ensured through central ducted air conditioning that provides quiet and effective climate control throughout the property. Its strategic position benefits from proximity to well-regarded schools, local cafes, and diverse dining options, enhancing lifestyle convenience. Additionally, easy access to Strathmore Railway Station offers straightforward commuter transit to the city.
This offering is particularly suited to buyers seeking a property that blends comfortable living with commercial possibilities, including families, investors, and those considering home-based businesses or redevelopment projects.
Local Market Insights
In Essendon, Quiet Listings observed 20 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $1,758,500. The property type mix of listed properties is predominantly Houses at 45%, followed by apartments (27%), and units (11%). Nelson Alexander was the most active agency in this area, representing 31.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Essendon VIC 3040
Market Insights for Essendon VIC 3040
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
