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218/51 Gordon Street, Footscray, Vic 3011 For Sale
218/51 Gordon Street, Footscray, Vic 3011 218/51 Gordon Street, Footscray, Vic 3011-Image 218/51 Gordon Street, Footscray, Vic 3011-Image

218/51 Gordon Street, Footscray, Vic 3011

$126,000

Apartment
Type
1
Bedrooms
1
Bathrooms

Published on Friday, May 01, 2026 ( See property details for 218/51 Gordon Street, Footscray, Vic 3011)

$126,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A contemporary, low-maintenance studio apartment in a prime Footscray location, ideal for investors seeking high yield and lifestyle convenience.

🏡 Property Highlights

  • Prime location just five minutes' walk to Victoria University and Footscray Hospital
  • Contemporary building designed for student accommodation
  • High rental yield with current return of $1085 per month
  • Low-maintenance investment with on-site management
  • Excellent access to public transport, shops, cafes, and entertainment
  • Functional studio layout with separate bathroom and modern kitchen

✨ Key Features

  • Open-Plan Living
  • Security Screens / Gates
  • Intercom
  • NBN / High-Speed Ready
  • Built-in Robes
  • External Laundry
  • Ceiling Fans
  • Pet-Friendly
  • Low-Maintenance Yard
  • Waterfront / Views

Footscray is a vibrant and diverse suburb renowned for its multicultural community, excellent transport links, and lively dining scene. It offers convenient access to shopping centres, parks, and educational institutions, making it an ideal location for students and investors seeking a dynamic lifestyle. The area boasts a strong rental market and ongoing development, ensuring long-term growth potential.

What is the current rental income and potential for future growth?
The property currently generates a rental income of $1085 per calendar month, with potential for growth depending on market conditions and rental demand in Footscray.
Is the building suitable for student accommodation?
Yes, the building is designed for student accommodation, offering communal lounge and laundry facilities, and is located close to Victoria University.
What amenities are available nearby?
The apartment is within walking distance to supermarkets, cafes, restaurants, pubs, and public transport options including buses and trams, with easy access to Highpoint Shopping Centre and Footscray Market.
What are the maintenance requirements for this property?
As an apartment with on-site management, the property requires minimal maintenance, making it an ideal low-maintenance investment.
Are there any restrictions or fees associated with the building?
Details regarding strata fees or building restrictions should be confirmed with the managing body, but typically include maintenance and management costs.
Are there any upcoming planned renovations or developments in the building that could affect living conditions or costs? What are the strata or management fees, and what do they cover? Are there any restrictions on renting out the property or short-term rentals? Has the property been inspected for any structural or pest issues? Are there any easements, zoning restrictions, or planned infrastructure projects in the area that could impact future value? What are the flood or bushfire risks in the area, and are there any relevant safety measures? Is there any ongoing or planned construction nearby that could cause noise or disruption? Are there any additional costs for utilities or building management not included in the rental income? What is the history of the property's occupancy and rental demand? Are there any community or building rules that could affect pet ownership or other lifestyle aspects?

218/51 Gordon Street, Footscray, Vic 3011 - More Details

$126,000

In a prime location, this studio apartment offers an affordable entry into the Footscray market with strong appeal as a high-yield investment. Positioned for lifestyle and convenience, it's just five minutes' walk to Victoria University, near Footscray Hospital, local shops, city buses and Footscray trams.

In a contemporary building for student accommodation
Ideal for investors seeking a high yield investment option
Current rental return $1085pcm
Studio features functional kitchen with twin electric cooktop and separate bathroom
Communal lounge room & laundry facilities, intercom entry
On site management for an ultra-low maintenance investment
Entertainment and public transport options at your fingertips
Footsteps to supermarket, cafes, restaurants and pubs
Easy access to Highpoint Shopping Centre and Footscray Market
Type
Apartment
Bedrooms
1
Bathrooms
1

Price guide

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