2 Droop StreetFootscray VIC 3011
Property Details for 2 Droop St, Footscray
Last Listing description (June 2022)
Strong high profile central street location in the heart of the fastest development inner-city suburban. Affluent growth location & emerging multi-story residential and commercial mixed-use. The sale of this property represents a rare investment opportunity with a development upside. Close to all public transports, restaurants, Footscray Market, Victoria University and all facilities. Just 5km from the CBD.
- Approved plans for seven levels (Multi-use residential/hospitality/commercial).
- Two shops front on the ground floor and 10 apartments. - Freehold building.
- Main road exposure and busy traffic.
- The sale comes with a stable profitable business.
- Rear laneway access and secure off-street parking
- Land size: 142m2 approx.
- Activity Central Zone Schedule 1 (ACZ1)
Price Range $1,200,000 - $1,300,000
Contact Dannie Tran on 0413 778 119.
Property History for 2 Droop St, Footscray, VIC 3011
- 23 Dec 2020Listed for Sale $1,200,000 to $1,300,000
- 27 Oct 1999Sold for $215,000
- 31 Aug 1981Sold
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0About 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 14,912 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.
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