311/1142 Mt Alexander RoadEssendon VIC 3040
Property Details for 311/1142 Mt Alexander Rd, Essendon
311/1142 Mt Alexander Rd, Essendon is a 4 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 2898m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (September 2023)
Looking for a lucrative investment opportunity in a high-demand location? Look no further! Introducing 311/1142 Mount Alexander Road, Essendon, an exceptional investment property offering a profitable serviced apartment business with attractive rental returns, long-term lease stability, and promising growth prospects.
Key Features:
- Serviced apartment property
- Rental income: $24,742.92 per annum
Property Highlights:
Step into a fully furnished and professionally designed serviced apartment that promises a comfortable and enjoyable stay for guests. The modern and stylish interior creates a welcoming ambiance throughout. The bathroom is sleek, modern and clean.
Prime Location and Expected Growth:
Situated on bustling Mount Alexander Road in Essendon, Apartment 311 enjoys a highly desirable location that attracts both business and leisure travellers. Essendon is a thriving suburb in Melbourne, known for its vibrant atmosphere, excellent amenities, and convenient access to the city centre. With ongoing urban development initiatives and investment in infrastructure, Essendon is poised for future growth and prosperity. Its strategic location, combined with its strong community spirit, makes it an ideal place to live, work, and most importantly, invest!
Investment Details:
- Rental income of $24,742.92 per annum
- Lease Length - 5 years
- Options - 3 further terms of 5 years
Amenities and Recreation:
Residents and guests of Apartment 311 will enjoy a range of amenities and recreational opportunities in close proximity. Discover an array of dining options, trendy cafes, and vibrant bars within walking distance. Nearby shopping centres offer a wide range of retail stores for convenient shopping. Nature enthusiasts can explore the nearby parklands, while sports clubs cater to a variety of interests, ranging from golf to tennis, attracting business for your tenants serviced apartment business to thrive.
Invest in Apartment 311 at 1142 Mount Alexander Road, Essendon-where profit, location, long-term lease security, and expected growth combine for a rewarding investment!
Property History for 311/1142 Mt Alexander Rd, Essendon, VIC 3040
- 14 Aug 2023Sold for $315,000
- 19 May 2023Listed for Sale $310,000 - $330,000
- 01 Aug 2017Listed for Sale $320,000-$350,000
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 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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