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268 Ballarat Road, Footscray VIC 3011

DEVELOPMENT POTENTIAL $1,050,000 - $1,1500,000

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

House 3 Beds 1 Bath 2 Cars 353 m²

Listed: 42 days ago

Updated: 4 hours ago

Overview

Located in one of Melbourne’s most rapidly evolving inner-west suburbs, this property at 268 Ballarat Road, Footscray presents a unique opportunity for both immediate residence and significant future redevelopment. The well-tended character home offers a practical and comfortable living environment with three spacious bedrooms and a central bathroom, enhanced by polished timber floors that add a touch of classic charm to the interior.

A contemporary, renovated kitchen provides functional and stylish storage solutions, supporting effortless meal preparation and family living. This functional home is set on a sizeable 353 square metre allotment, fully fenced for privacy and security, providing an ideal canvas for potential high-density development.

Strategically positioned just a short distance from the newly constructed Footscray Hospital, the property holds strong appeal for professionals and investors looking for sustained rental demand and capital growth. The location benefits from excellent public transport links and close proximity to local amenities such as schools, cafes, markets, and direct access to the Melbourne CBD, ensuring a vibrant lifestyle for future residents.

This site offers the scope to develop up to four townhouses (subject to council approval), allowing developers and land bankers to unlock high-yield potential in a key growth corridor. Until redevelopment planning is finalised, the existing dwelling provides immediate rental income or a comfortable home, making this a versatile investment or lifestyle asset.

Prime location near medical precinct generating ongoing demand
Ideal for families or investors seeking multi-unit potential
Updated interiors complement original character features
Secure, fully fenced land with easy access to transport and amenities
Exceptional opportunity to enhance value through redevelopment (STCA)

Whether you plan to occupy, lease, or develop, this property exemplifies a rare and multi-faceted prospect in Footscray’s thriving market.

Local Market Insights

In Footscray, Quiet Listings observed 21 new houses entering the market over the last 30 days, down from 24 during the previous 30-day period, with an average advertised asking price of $1,074,238. The property type mix of listed properties is predominantly Apartments at 49%, followed by houses (34%), and townhouses (7%). The most active agency for houses in the Footscray area is currently Village Real Estate, representing 33% of new listings, followed by Jas Stephens Real Estate with 29%. 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.