5 Droop Street, Footscray, VIC 3011 | Property Value & History | OnTheHouse
OFF MARKET

5 Droop Street
Footscray VIC 3011

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1791m2
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Last updated 11 May 2026
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Property Details for 5 Droop St, Footscray

Building Type
Unknown
Land Size
1791m2
Local Government
Maribyrnong
Lot/Plan
CP174797

Last Listing description (May 2026)

Cushman & Wakefield together with Gross Waddell ICR are pleased to present 5-9 Droop Street, Footscray for sale by Expressions of Interest closing Thursday 18 June at 2pm (AEST).Located within the Central Precinct of the Footscray Activity Centre, this substantial corner landholding benefits from a flexible planning framework, exceptional frontage, and proximity to critical health, education and transport infrastructure, making it ideally suited to a range of high density development outcomes or owner occupation.Key details are highlighted below: - Significant landholding of 1,795sqm* just 4.5km from the Melbourne CBD - Prime corner position with approximately 95m of dual street frontage to Droop and Blackston Streets - North-facing frontage of approximately 60m* to Blackston Street- Zoned Activity Centre (ACZ1), supporting high density mixed use development - Located within the Central Precinct with a discretionary height control of up to 10 storeys - Existing improvements adaptable for interim or alternative uses, including healthcare and medical (STPA) - Strategic positioning near Footscray Hospital, Victoria University, and the Hopkins Street retail strip - Exceptional connectivity with major infrastructure projects now in operation, including the Metro Tunnel and West Gate Tunnel, enhancing access to the CBD, Arden Precinct and Melbourne UniversityFor more information, please contact the exclusive agents below.Cushman & Wakefield Jack Cooper | 0498 231 704Hamish Burgess | 0421 641 49Joe Kairouz | 0421 430 638Gross Waddell ICRAndrew Greenway | 0409 547 626Andrew Waddell | 0419 400 991Michael Gross | 0419 355 561*Approx.

Property History for 5 Droop St, Footscray, VIC 3011

A timeline of how this property has performed in the market
  • 14 May 2026
    Listed for Sale Please Contact Agents
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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 14,907 properties. Over the last 5 years, Houses in Footscray have seen a -0.07% decrease in median value, while Units have seen a -0.53% decrease. As at 30 April 2026:

  • The median value for Houses in Footscray is $967,884 while the median value for Units is $484,266.
  • Houses have a median rent of $620 while Units have a median rent of $530.
There are currently 91 properties listed for sale, and 39 properties listed for rent in Footscray on OnTheHouse. According to Cotality's data, 728 properties were sold in the past 12 months in Footscray.

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Cotality Copyright and Legal Disclaimers about Property Data
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.