316/133 Droop St, Footscray is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Apartment sold in Footscray in the last 12 months.
Smart Investment Opportunity – High Returns, Prime Location
An ideal entry point or a strong addition to your investment portfolio, this modern and fully furnished student accommodation studio delivers excellent returns with minimal effort.
Currently leased at $1,434 per calendar month (or $17,208 per annum), it offers a yield that outperforms standard savings accounts—just sit back and enjoy the consistent income stream.
Located just a short 2-minute walk to Victoria University, with tram and bus stops at your doorstep, and only moments from the CBD and Highpoint Shopping Centre, this well-positioned studio is always in demand.
Features include:
Spacious open-plan layout
Kitchen with gas cooktop, full-size fridge, and microwave
Large private bathroom
Secure swipe entry and intercom system
Fully furnished
Ground-floor communal laundry
Boutique complex of 58 apartments
Currently tenanted until October 2025, this is a worry-free investment in a high-demand area with strong rental appeal.
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation by the vendor or real estate agent. This document has been prepared to assist solely in marketing this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their inquiries to verify the information provided here.
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:
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