203/1142 Mt Alexander Road, Essendon, VIC 3040 | Apartment for sale | OnTheHouse
FOR SALE

203/1142 Mt Alexander Road
Essendon VIC 3040

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Strong Returns. Established Operator. Investment Opportunity.

INVESTMENT HIGHLIGHTS
• 7.9% gross rental return
• Current net rental income of approximately $20, 079.55 p.a.
• Lease commenced currently a 5 YEAR Lease commencing on the 20th February 2026 & running to 2031.
• Three further 5-year lease options available to Punt Hill.
• Established serviced apartment operator
• There are NO vacancy periods, no letting fees and no advertising for any new tenant.
• This apartment has also been refurbished with new carpet, fresh paint & new window furnishings, thus keeping future expenditure low.
• Fully equipped gym and Flexible meeting room available for events in Complex.
• Contemporary fit out including stone bench, stainless steel appliances, heating, cooling, window furnishings and Euro laundry.
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Property Details for 203/1142 Mt Alexander Rd, Essendon

203/1142 Mt Alexander Rd, Essendon is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with JEENA & SAACS REAL ESTATE PTY.

Building Type
Apartment
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About Essendon 3040

The size of Essendon is approximately 6.2 square kilometres. There are 20 parks, covering nearly 8.4% of the total area. The population of Essendon in 2016 was 20596 people. By 2021 the population was 21240 showing a population growth of 3.1% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Essendon work in a professional occupation.In 2021, 62.10% of the homes in Essendon were owner-occupied compared with 60.20% in 2016.

Essendon has 13,038 properties. Over the last 5 years, Houses in Essendon have seen a -1.06% decrease in median value, while Units have seen a -1.19% decrease. As at 31 August 2026:

  • The median value for Houses in Essendon is $1,853,615 while the median value for Units is $582,282.
  • Houses have a median rent of $798 while Units have a median rent of $525.
There are currently 18 properties listed for sale, and 14 properties listed for rent in Essendon on OnTheHouse. According to Cotality's data, 673 properties were sold in the past 12 months in Essendon.

Suburb Insights for Essendon 3040

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Thoraya Jeena
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JEENA & SAACS REAL ESTATE PTY
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Disclaimer
The Cotality 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 Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.