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Location
Market Insights for Essendon VIC 3040
New Listings (last 30 days)
18
Average price
$1,869,722
Lowest price
$600,000
Highest price
$3,400,000
Other properties in this postcode

1 Carnarvon Road, Essendon VIC 3040

$1,650,000 - $1,815,000

House 2 Beds 1 Bath 1 Car 932 m²
Listed: 31st Jul 2026
Overview

Situated on a prized corner overlooking the lush expanses of Woodlands Park, 1 Carnarvon Road offers an exceptional opportunity beyond its current residence. This property stands out as a valuable prospect for homeowners desiring comfort, investors seeking future capital growth, or developers pursuing substantial redevelopment potential in one of Essendon's most coveted areas.

The dual street frontages provide a notable advantage, enhancing both privacy and development flexibility. A substantial landholding of approximately 932 square meters within the Residential Growth Zone 1 underscores the property's appeal for future planning possibilities and potential subdivision.

The existing home, while modest, includes two bedrooms, a bathroom, and secure parking, complemented by two separate living areas that support family functionality and space versatility. The presence of a well-appointed kitchen and the inclusion of valuable features such as dishwasher and heating add to the property's immediate livability.

Its location directly opposite Woodlands Park not only lends serene vistas but also ensures lifestyle benefits through proximity to open space and recreational opportunities. The vibrant local community is supported by a network of well-regarded schools close by, catering well to families or those planning for long-term residency.

Ultimately, 1 Carnarvon Road suits a variety of purchasers including those valuing a quiet, green outlook and those with ambitions to unlock the land’s broader development potential. This versatile property in the heart of Essendon perfectly balances immediate lifestyle advantages with exceptional future prospects.

Local Market Insights

In Essendon, Quiet Listings observed 18 new houses entering the market over the last 30 days, down from 19 during the previous 30-day period, with an average advertised asking price of $1,869,722. The property type mix of listed properties is predominantly Houses at 43%, followed by townhouses (15%), and apartments (13%). The most active agency for houses in the Essendon area is currently Jellis Craig, representing 50% of new listings, followed by Nelson Alexander with 17%. 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.