121 Nicholson Street, Footscray, VIC 3011 | Property Value & History | OnTheHouse
 
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121 Nicholson Street
Footscray VIC 3011

Bedrooms: 10
Bathrooms: 10
Car spaces: -
Floor area: 470m2
Land area: 204m2
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Last updated 26 Jan 2026
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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.

Building Type
Unit
Floor Size
470m2
Land Size
204m2
Local Government
Maribyrnong
Lot/Plan
1/LP28516

Last Listing description (November 2023)

Diverse Activity Centre Freehold
Gross lettable area: 470 sqm approx
Two frontages

Multi-storey mixed use holding
> 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.

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Property History for 121 Nicholson St, Footscray, VIC 3011

A timeline of how this property has performed in the market
Last Sold
$1,758,060
30 Aug 2016
Listed for Rent
$200/w
01 Aug 2008
  • 28 Nov 2023
    Listed for Sale $3,000,000 to $3,300,000 - SETTLEMENT 90 DAYS
  • 30 Aug 2016
    Sold for $1,758,060
  • 29 Jul 2016
    Listed for Sale Not Disclosed
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About Footscray 3011

The size of Footscray is approximately 5.0 square kilometres. It has 25 parks covering nearly 15.1% of 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 14,914 properties. Over the last 5 years, Houses in Footscray have seen a 6.80% increase in median value, while Units have seen a 2.86% increase. As at 31 December 2025:

  • The median value for Houses in Footscray is $983,651 while the median value for Units is $490,898.
  • Houses have a median rent of $580 while Units have a median rent of $520.
There are currently 108 properties listed for sale, and 38 properties listed for rent in Footscray on OnTheHouse. According to Cotality's data, 706 properties were sold in the past 12 months in Footscray.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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