269/271 Ballarat RoadFootscray VIC 3011
Property Details for 269/271 Ballarat Rd, Footscray
269/271 Ballarat Rd, Footscray is a 8 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1208m2.
Last Listing description (May 2023)
Introducing a rare and lucrative opportunity for developers! Two side-by-side properties with a combined 1208sqm of land (approx) with approvals for 4 triple storey townhouses and 1 double storey NDIS home.
Nestled in a prime location in Footscray, just minutes away from the vibrant Melbourne CBD, these properties offer endless potential for an astute developer. The convenience of the location cannot be overstated, with excellent transport links, shops, cafes, and parks all within easy reach.
The properties are zoned to some of the most sought-after schools in the area, including Footscray City Primary School, Footscray City College, and Victoria University. This makes them ideal for families, adding to their desirability and potential for high rental demand.
With the advantage of approved plans for 5 townhouses, the hard work has already been done, saving you time and effort. Take advantage of this rare opportunity to secure prime real estate in a rapidly growing and in-demand location and unlock the true potential of these properties.
Property History for 269/271 Ballarat Rd, Footscray, VIC 3011
- 21 Apr 2023Listed for Sale $2,300,000 - $2,500,000
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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 14,947 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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