31 Russell StreetEssendon VIC 3040
Property Details for 31 Russell St, Essendon
Last Listing description (August 2024)
If you are an entrepreneur or business seeking ample room to grow, look no further! 31 Russell Street, Essendon is ready and waiting to be fit out to accommodate your ambitious business venture.
Features include:
-Corner opportunity
- Suitable for a variety of uses
- 203 square metres of floor space
- Ground floor with easy access
- Abundant light with floor-to-ceiling windows
- NBN-ready, grease trap, kitchen exhaust outlet
- Gas and electricity connections
- 6 on-site secure undergorund car spaces
- Free public parking available near property
- Growing catchment area with a number of medium- to high-density buildings nearby
- Essendon train station, which was recently modernised in the Level Crossing Removal Project, is right across the road
- Approx 9km from Melbourne CBD
Don't miss this fantastic opportunity to secure a prime commercial lease in the thriving suburb of Essendon. Contact us today to arrange an inspection!
Property History for 31 Russell St, Essendon, VIC 3040
- 17 Mar 2025Sold for $1,182,500
- 03 May 2024Listed for Rent $100,485 / year
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 17.09% increase in median value, while Units have seen a 2.31% increase. As at 28 February 2026:
- The median value for Houses in Essendon is $1,966,440 while the median value for Units is $596,759.
- Houses have a median rent of $650 while Units have a median rent of $515.
Suburb Insights for Essendon 3040
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