1-3/35 Emerald Street, Essendon West, Vic 3040

$950,000

Block Of Units
Type
8
Bedrooms
3
Bathrooms
3
Parkings
809 m²
Area

Last updated on Thursday, July 02, 2026 ( See property details for 1-3/35 Emerald Street, Essendon West, Vic 3040)

$950,000

Paul McDonald Licensed Estate Agent / Auctioneer
David Mogford Property Consultant / Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile 809sqm block in Essendon West offering three units with development potential and excellent lifestyle amenities.

🏡 Property Highlights

  • Large 809sqm block with development potential
  • Currently generating approximately $4,975 per month in rental income
  • Three existing units with flexible refurbishment options
  • Prime location close to schools, parks, and public transport
  • Opportunity for multi-residence development or a spacious family home
  • Extended backyard with scope for off-street parking or communal garden

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Waterfront / Views
  • Open-Plan Living
  • Electric Wall Panel Heating
  • External Laundry
  • Pet-Friendly
  • Balcony
  • Secure Parking

Essendon West is a highly sought-after suburb known for its vibrant community, excellent schools, and lush parklands. It offers convenient access to public transport, cafes, and recreational areas like the Maribyrnong River. The area combines inner-suburban lifestyle with development potential, making it ideal for families and investors alike.

What is the current condition of the units, and what refurbishment is needed?
The units will require judicious refurbishment to modern standards, offering an opportunity to personalise and upgrade the interiors.
Is there scope for development or subdivision on this 809sqm block?
Yes, subject to council approval (STCA), the large allotment offers scope for multi-residence development or subdivision.
What are the zoning and planning restrictions for this property?
The property is zoned for multi-unit development, but specific restrictions should be confirmed with local council planning regulations.
Are there any known planning or building approvals required?
Any development or refurbishment plans will require appropriate planning and building approvals from the local council.
What are the nearby amenities and lifestyle attractions?
The property is close to St Bernard’s College, PEGS, cafes, lush parklands, and the Maribyrnong River, offering a vibrant lifestyle.
Are there any existing easements, covenants, or zoning restrictions that could impact development plans? What are the potential costs associated with refurbishing the units to modern standards? Are there any upcoming planning or construction projects in the vicinity that could affect the property? Has a recent pest and building inspection been conducted, and are there any defects or issues? What are the council rates, land taxes, and any other ongoing costs associated with the property?

1-3/35 Emerald Street, Essendon West, Vic 3040 - More Details

$950,000

Type
Block Of Units
Bedrooms
8
Bathrooms
3
Parkings
3
Area
809 m²

Price guide

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