62 Mcpherson Street, Essendon, Vic 3040

For Sale

62 Mcpherson Street, Essendon, Vic 3040-Floorplan

House

Type

Bedrooms

Bathrooms

Parkings

725 m²

Area

Published on Wednesday, June 03, 2026 ( See property details for 62 Mcpherson Street, Essendon, Vic 3040)

$2,800,000 - $3,080,000

View the agent price guide.

Matt Nostro - Real Estate Agent - Nostro Real Estate

Matt Nostro Auctioneer / Licensed Estate Agent

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Katie Petsinis - Real Estate Agent - Nostro Real Estate

Katie Petsinis Director / Licensed Estate Agent

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AI Property Insight

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

A versatile investment opportunity comprising five modernised units on a spacious 725m2 block in the heart of Essendon, ideal for living, investing, or redevelopment (STCA).

🏡 Property Highlights

Block of 5 units with individual titles, offering versatile investment or redevelopment potential (STCA).
Expansive 725m2 block in a prime Essendon location close to amenities and transport.
Current rental income of approximately $135,000 per annum, providing strong yield.
Each unit features modern upgrades such as stone benchtops and split system heating and cooling.
Two units on the ground floor and three on the first floor, with dedicated car parking for each.
Proximity to local shops, cafes, schools, parks, and public transport options.

✨ Key Features

Split system heating and cooling units
Built-in Robes
Open-Plan Living
Ensuite
Outdoor Area
Garage
Waterfront / Views
Security Screens / Gates
Fly Screens
Internal Laundry

Suburb and Property Insights of Essendon, VIC 3040

Essendon is a vibrant suburb renowned for its excellent amenities, diverse dining options, and strong transport links. It offers a family-friendly environment with numerous parks, schools, and recreational facilities. The area is highly sought after for both its lifestyle and investment potential, making it an ideal location for a variety of buyers. Its proximity to major transport hubs ensures easy access to Melbourne’s CBD and surrounding suburbs.

Frequently Asked Questions

What is the current rental income for the property?

The current annual rental yield is approximately $135,000 per annum.

Are there redevelopment opportunities for this property?

Yes, the property offers potential for redevelopment (STCA) on the expansive 725m2 block.

What amenities are nearby?

The property is close to local shops, cafes, eateries, parks, schools, and public transport including train stations.

Are the units modernised?

Yes, each unit features a mix of stylish modern upgrades and original features, including upgraded kitchens and split system heating and cooling.

Is there parking available?

Yes, each unit has its own allocated car parking space.

What to ask about this property to agent?

Are there any zoning restrictions or easements affecting the property? What are the potential costs for future redevelopment or renovations? Are there any existing or past issues with the property's structure or services? Is the property located in a flood or bushfire-prone area? Are there any upcoming planning or development projects in the vicinity that could impact the property?

62 Mcpherson Street, Essendon, Vic 3040 - More Details

$2,800,000 - $3,080,000

Type: House
Bedrooms: 10
Bathrooms: 5
Parkings: 5
Area: 725 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Interactive Property Floorplan - 62 Mcpherson Street, Essendon, Vic 3040

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62 Mcpherson Street, Essendon, Vic 3040 - Point Of Interest

Locate Near By Places of 62 Mcpherson Street, Essendon, Vic 3040 On Map

Your Commute at a Glance: 62 Mcpherson Street, Essendon, Vic 3040

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Matt Nostro

Katie Petsinis

62 Mcpherson Street, Essendon, Vic 3040

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