815/59 Paisley St, Footscray is a 2 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 6345m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in June 2024.
A rare and rewarding opportunity, in the heart of Footscray, perfect for the first-time investor or smart homebuyer. There is a lot on offer with this purchase, it is more than just what meets the eye...
Positioned centrally, all desired amenities are within a short walk from this home.
Coles, Kmart and various other shops are located on the lowest level of the building; Footscray Market, Barkly Street bars and restaurants, Footscray Library, the new Footscray Hospital site and Victoria University are all just around the corner. For a quick and easy commute to/from the city and surrounding suburbs, Footscray Train Station is less than 500m away.
Key features:
- Stylish kitchen with stone benchtops, breakfast bar, ample storage and gas cooktop
- Light-filled, open-plan living and dining space
- Spacious bedroom, complete with large study nook and built-in robes
- Generous central bathroom with large European laundry and floor to ceiling tiles
- Balcony spanning the entire width of the apartment
- Approximately 60m2 total
Current investment opportunity:
- Currently leased by a renter paying $536 a fortnight through an NRAS agreement
- Lease expiry of 18/08/24, with opportunity to renew
- Additional NRAS incentive of $11,168.56 per annum (expiring 29/7/24)
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 14,945 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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