1009 Mt Alexander RoadEssendon VIC 3040
Property Details for 1009 Mt Alexander Rd, Essendon
Last Listing description (May 2021)
Knight Frank are delighted to offer 1009-1023 Mt Alexander Road, Essendon for sale.
Located in one of Melbourne's most sought after suburbs and nestled within the popular North Essendon Village retail strip, close to all forms of amenity, this offering enjoys significant holding income and has unprecedented potential for future value add or development opportunities (STCA).
Situated in the high demand residential market of Essendon, some 8km's from Melbourne's CBD, the suburb boasts a median house price of $1,470,00 approx and 3 bedroom unit price of $903,250 approx.
Source: REIV
Appealing to developers, investors and land bankers, this opportunity features the following:
- Total landholding of 3,025 sqm*
- Holding income of $425,975 pa*
- Huge frontage in excess of 60 m*
- Comprising 6 retail shops
- Commercial 1 Zoning
- Close to all forms of public transport
- Surrounded by outstanding amenity including retail, private schools and parklands.
- Development Scheme for a 7 level project comprising a NSA of 7,370sqm*(STCA)
For further details or to discuss this opportunity further please call the exclusive marketing agents.
Property History for 1009 Mt Alexander Rd, Essendon, VIC 3040
- 30 Apr 2021Transferred
- 16 Aug 2018Listed for Sale Not Disclosed
- 07 Jul 2006Sold for $1,650,000
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About Essendon 3040
The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of 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 13,013 properties. Over the last 5 years, Houses in Essendon have seen a 21.97% increase in median value, while Units have seen a 1.05% increase. As at 31 December 2025:
- The median value for Houses in Essendon is $1,978,876 while the median value for Units is $595,880.
- Houses have a median rent of $650 while Units have a median rent of $500.
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