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306/87-89 Raleigh Street, Essendon$400,000
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For Saleapartment

306/87-89 Raleigh Street

Essendon, VIC 3040, Australia
$385,000 – $415,000
1 bed 1 bath 1 car

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About this property

Expressions of Interest Closing 12pm 22 July 2026 (unless sold prior) Set atop the highly acclaimed Mill apartment complex, one of Essendon's most iconic warehouse conversions, this oversized one-bedroom residence delivers an exceptional combination of space, style and convenience in the heart of the coveted Windy Hill precinct. Bathed in natural light thanks to its prized easterly aspect, the apartment's generous proportions are immediately apparent. Timber flooring flows throughout the open-plan living and dining zone, while double sliding doors connect seamlessly to a private balcony where leafy outlooks and morning sunshine create the perfect setting to relax or entertain. The contemporary kitchen is beautifully appointed with stone benchtops, glass splashback, quality Smeg appliances, dishwasher and ample storage, providing both functionality and style. The spacious bedroom enjoys excellent natural light and features a fully fitted mirrored built-in robe, while the intelligently designed floorplan incorporates a dedicated study area with built-in desk - ideal for working from home. A stylish bathroom with oversized shower and stone vanity is complemented by a discreet European laundry and additional storage throughout. Further highlights include split-system heating and cooling, secure intercom entry, lift access and a secure undercover car space. Positioned within walking distance of Napier Street's renowned cafés, restaurants and specialty shops, Windy Hill Fitness Centre, Essendon Station, Glenbervie Station, trams, buses and parklands, this outstanding apartment presents an exceptional opportunity for first-home buyers, professionals and investors seeking a premium low-maintenance lifestyle in a blue-chip Essendon location.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Listed
3 weeks ago

Repayment calculator

$1,939/month
$970 /fortnight
Loan $320,000 at 6.10% over 30 years

Upfront costs

Deposit$80,000
Stamp duty$19,070
Conveyancing (est.)$2,000
Total upfront$101,070
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Essendon

This 1-bedroom apartment in Essendon, VIC 3040 sits within reach of public transport, local shops and nearby schools. It is listed 69% below the $1.30m median of 51 comparable apartmentswithin 5 km.

Schools near Essendon

  • Lowther Hall Anglican Grammar Schoolcombined · Prep-12 · Girls
  • Penleigh & Essendon Grammar School - Essendon Campuscombined
  • Aberfeldie Primary Schoolprimary · Prep-6 · CoEd
  • Essendon Primary Schoolprimary · Prep-6 · CoEd
  • Buckley Park Collegesecondary · 7-12 · CoEd
  • Islamic College of Sport - North Campussecondary

What's nearby

  • Thistle Street/Mount Alexander Road (bus)358 m away
  • Foodworks217 m away
  • Cliff Allison Park523 m away
  • Unnamed604 m away
  • Unnamed669 m away

Essendon at a glance

Full suburb profile
Population
21,240
Median age
39
Household income
$2,132/wk
Median rent
$380/wk
Median mortgage
$2,275/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Essendon price trend

Median sold · Unit 1 bed

Compound growth +0.5% / yr over 4 yrs

$350kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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