1025 Mt Alexander Road, Essendon, VIC 3040 | Property Value & History | OnTheHouse
 
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1025 Mt Alexander Road
Essendon VIC 3040

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120m2
Land area: 179m2
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Property Details for 1025 Mt Alexander Rd, Essendon

Building Type
Commercial
Floor Size
120m2
Land Size
179m2
Local Government
Moonee Valley
Lot/Plan
3/LP34605

Last Listing description (April 2023)

Stonebridge Property Group is pleased to present for sale 1025-1029 Mount Alexander Road, Essendon.

The key highlights of the opportunity include:

- An expansive 1,014 sqm* freehold site with significant surplus land providing untapped potential to value add through development (STCA)

- 3 separate tenants, a Barber, Psychologist/Wellness and Homewares businesses, provide a diversified annual income

- Zoned: Commercial 1 (C1Z) allowing for intelligent future development options (STCA) including retail, commercial, residential or mixed-use

- Strategically situated in Design & Development Overlay 3 allowing for a future development of five storeys (STCA)

- Valuable 'triple shop' frontage (20 m*) to Mount Alexander Road allows scope for further retail activation

- The versatile landholding spans 3 separate shops and enjoys the benefit and convenience of rear access via Leake Street

- Strategically positioned within the strong trading Essendon North Shopping Village which typically boasts some of Melbourne's lowest retail vacancy

- Located in the affluent suburb of Essendon, which boasts a median house price of $1,765,000 and convenient proximity to Melbourne CBD

*Approximately

1025-1029 Mount Alexander Road, Essendon is offered for sale via Public On-site Auction on Thursday 27th April 2023 at 2:30pm (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Max Warren
0448 296 892

Nic Hage
0448 782 594

Shawn Luo
0412 338 918

Property Code: 620

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Property History for 1025 Mt Alexander Rd, Essendon, VIC 3040

A timeline of how this property has performed in the market
Last Sold
$3,400,000
27 Apr 2023
Listed for Rent
$671/w
19 Dec 2012
  • 27 Apr 2023
    Sold for $3,400,000
  • 17 Mar 2023
    Listed for Sale Contact Agent
  • 30 Jan 2020
    Listed for Sale $4,620,000 INC. GST
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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.
There are currently 21 properties listed for sale, and 12 properties listed for rent in Essendon on OnTheHouse. According to Cotality's data, 664 properties were sold in the past 12 months in Essendon.

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