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56 Raleigh Street, Footscray VIC 3011

Price Guide: $1,050,000 - $1,000,000

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$1.05M - $1.1M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 240 m²

Listed: 7th Aug 2026

Updated: 9th Aug 2026

Overview

Situated on an enviable corner allotment of approximately 240 square metres, this charming period residence affords a unique opportunity to invest in Footscray's rapidly transforming Activity Centre Zone. The location’s zoning offers remarkable scope for both preservation and redevelopment, appealing equally to renovators, developers, and investors seeking long-term potential.

The home embraces classic character with its traditional floorplan, featuring three well-sized bedrooms, a formal lounge, and a central bathroom. It balances comfortable family accommodation with an adaptable layout that promises future possibilities, whether restoring its original charm or pursuing significant redevelopment subject to council approval.

What sets this property apart is its exceptional corner placement and coveted zoning status—opportunities of this kind are increasingly rare in Footscray’s vital and sought-after precincts. This flexibility enables a range of options, from constructing substantial townhomes to more ambitious projects, making it a strategic acquisition for various buyers.

Located a brief walk from Middle Footscray Station and within easy reach of multiple transport links, shopping centers, healthcare facilities, educational institutions, and Victoria University, the property offers urban convenience complemented by access to vibrant café, dining precincts, local parklands, and proximity to the Maribyrnong River. Melbourne’s central business district is only minutes away, enriching lifestyle appeal.

This property merges authentic period allure with exceptional potential, making it ideal for those valuing both lifestyle and investment upside in a neighbourhood poised for growth.

Local Market Insights

In Footscray, Quiet Listings observed 23 new houses entering the market over the last 30 days, up from 22 during the previous 30-day period, with an average advertised asking price of $1,074,304. The property type mix of listed properties is predominantly Apartments at 48%, followed by houses (35%), and townhouses (6%). The most active agency for houses in the Footscray area is currently Village Real Estate, representing 30% of new listings, followed by Jas Stephens Real Estate with 30%. 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.