121 Nicholson StreetFootscray VIC 3011
Property Details for 121 Nicholson St, Footscray
121 Nicholson St, Footscray is a 10 bedroom, 10 bathroom Unit. The property has a land size of 204m2 and floor size of 470m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
Last Listing description (November 2023)
Diverse Activity Centre Freehold
Gross lettable area: 470 sqm approx
Two frontages
> Substantial multi-storey mixed use holding
> Gross lettable area: 470 sqm approx.
> Ground floor - prime Nicholson Street retail: $43,594.08 pa
> Upper floors - 9 bedsitters + 1 studio apartment
> Two frontages
> Zoned: Activity Centre Zone - Schedule 1
> Suit owner-occupiers, investors, backpackers or short term accommodation providers (STPA)
> Abuts council carpark and minutes to specialty retail and train station
> Located within the Central Precinct of the Footscray Metropolitan Activity Centre, the highest order activity centre outside the Melbourne CBD, where a wide range of residential and commercial activities are strongly encouraged.
> Attractive settlement terms on offer
The subject property is ideally located, being positioned on the doorstep of Nicholson Street Mall.
It is situated on the eastern side of Nicholson Street, between Paisley and Irving Streets.
The property is strategically positioned in the absolute heart of Footscray's prime retail precinct. It is surrounded by a diverse mix of retail and service providers, including Bank of Melbourne, Commonwealth Bank, the Footscray Market, Coles, Kmart, Savers. and Victoria University.
The property has excellent access to major arterials including Footscray Road, Dynon Road and City Link. It also has easy access to public transport including to tram and bus services, with Footscray train station only 100 metres away.
Property History for 121 Nicholson St, Footscray, VIC 3011
- 28 Nov 2023Listed for Sale $3,000,000 to $3,300,000 - SETTLEMENT 90 DAYS
- 30 Aug 2016Sold for $1,758,060
- 29 Jul 2016Listed for Sale Not Disclosed
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About Footscray 3011
The size of Footscray is approximately 5.0 square kilometres. There are 25 parks, covering nearly 15.1% of the total area. The population of Footscray in 2016 was 16345 people. By 2021 the population was 17131 showing a population growth of 4.8% in the area during that time. The predominant age group in Footscray is 30-39 years. Households in Footscray are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Footscray work in a professional occupation.In 2021, 41.30% of the homes in Footscray were owner-occupied compared with 36.60% in 2016.
Footscray has 14,942 properties. Over the last 5 years, Houses in Footscray have seen a -9.61% decrease in median value, while Units have seen a -1.96% decrease. As at 31 July 2026:
- The median value for Houses in Footscray is $931,644 while the median value for Units is $488,424.
- Houses have a median rent of $625 while Units have a median rent of $545.
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