2 Grice CrescentEssendon VIC 3040
Property Details for 2 Grice Cres, Essendon
2 Grice Cres, Essendon is a 3 bedroom, 3 bathroom House. The property has a land size of 554m2.
Last Listing description (October 2023)
In a uniquely high-profile location with the best of Essendon virtually at your doorstep, this substantial property provides a myriad of options particularly for those looking to explore its exceptional multi-level development potential (STCA).
Whilst the current building (formerly occupied by the RDNS) does have refurbishment potential, it's definitely the land here that's the main attraction. Key attributes of the block include a total land size of 543sqm (approx), wide frontage to Grice Crescent, minimal gradient across the entire site and general residential zoning (R1Z). It also has the distinct advantage of having no other properties abutting its boundaries, and being Crown land, there is no stamp duty applicable.
Mt Alexander Road trams out front and walking distance to Essendon Station, it's also close to popular cafes and restaurants on both Rose Street and Napier Street, local parks and a range of schools, as well as easy access to Citylink.
Note: 10% deposit with settlement up to 180 days
Property History for 2 Grice Cres, Essendon, VIC 3040
- 11 May 2023Listed for Sale Contact Agent
Recent sales nearby
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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 13,010 properties. Over the last 5 years, Houses in Essendon have seen a 15.14% increase in median value, while Units have seen a -1.22% decrease. As at 31 March 2026:
- The median value for Houses in Essendon is $1,942,598 while the median value for Units is $592,532.
- Houses have a median rent of $795 while Units have a median rent of $528.
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