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62 Mcpherson Street

Essendon, VIC 3040, Australia
$2.80m
10 bed 5 bath 5 car725m²

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Area Price Guide
$2.63m$2.97m

Indicative price guide range

🏘️
89
Comparable
📊
$640,000
Area median
⚖️
+338%
vs median
📐
$3,862
Per m²
📏
725 m²
Land
🗓️
1 week ago
Listed

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About this property

TAKE A PEEK: - Fabulous opportunity to live in, invest, or redevelop ( STCA ) - Close proximity to all Essendon local amenities and transport options - Block of 5 x units, each unit with its own allocated car parking - To be sold as a collective of 5 units, each on its own separate title - Each unit features 2 good size bedrooms, 1 bathroom, 1 Car space - 2 Units are located on the ground floor, 3 units on the first floor - Set on an expansive 725m2 ( approx ) block - Current annual rental yield of $135,000 p/annum ( approx. ) - All 5 units feature split system heating and cooling units - A mix of stylish modern upgrades & original features across each unit LOOK INSIDE: UNIT 1 : - New Laminate / Hybrid flooring throughout - 2 Spacious Bedrooms with built in robes - Upgraded bathroom with single vanity toilet & shower - Separate formal lounge - Upgraded kitchen with stone benchtops, 600 mm under bench oven - Split system heating and cooling unit - Internal laundry UNIT 2 : - New Laminate / Hybrid flooring throughout - 2 Spacious Bedrooms with built in robes - Original bathroom with single vanity toilet & shower - Separate formal lounge - Upgraded kitchen with timber benchtop, gas stove, built in pantry - Split system heating and cooling unit - Internal laundry UNIT 3 : - Carpeted throughout including bedrooms - 2 Spacious Bedrooms with built in robes - Original bathroom with single vanity toilet & shower - Separate formal lounge - Original kitchen, gas stove, built in pantry - Split system heating and cooling unit - Internal laundry UNIT 4 : - Carpeted throughout including bedrooms - 2 Spacious Bedrooms with built in robes - Original bathroom with single vanity toilet & shower - Separate formal lounge - Original kitchen, gas stove, built in pantry - Split system heating and cooling unit - Internal laundry UNIT 5 : - New Laminate / Hybrid flooring throughout - 2 Spacious Bedrooms with built in robes - Upgraded bathroom with single vanity toilet & shower - Bathroom features ceiling to floor tiles and stone vanity - Separate formal lounge - Upgraded kitchen with stone benchtops, 600 mm under bench oven - Split system heating and cooling unit - Internal laundry THE AREA: - Zoned under 'General Residential Zone - Schedule 1' - Positioned within the Moonee Valley Council - Proximity to local shops, cafes and eateries - Minutes to Glenbervie & Essendon Train Stations - Multiple local primary and high schools within easy reach - An abundance of parks & recreations reserves & sporting facilities THE CLOSER: - Fabulous opportunity to live in, invest, or redevelop ( STCA ) - Proximity to all Essendon local amenities and transport options - Block of 5 x units, each unit with its own allocated car parking - Set on an expansive 725m2 ( approx. ) block - Current annual rental yield of $135,000 p/annum ( approx. ) - A mix of modern upgrades and original features across each unit * NOTE : PHOTO I.D REQUIRED AT ALL OPEN FOR INSPECTIONS * DISCLAIMER : Please note that all dimensions are approximate only and the particulars given are for information only & do not constitute any direct representation on the part of the agent or vendor. All interested parties are required to make their own direct enquiries to verify and confirm the information provided. While every effort has been made to ensure the information provided is correct, NOSTRO Real Estate is not responsible for any inaccuracies. https://www.consumer.vic.gov.au/duediligencechecklist

Property Features

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    Repayment calculator

    $13,574/month
    $6,787 /fortnight
    Loan $2,240,000 at 6.10% over 30 years

    Upfront costs

    Deposit$560,000
    Stamp duty$162,000
    Conveyancing (est.)$2,000
    Total upfront$724,000
    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.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    10
    Bathrooms
    5
    Parking
    5
    Land Area
    725m²
    Listed
    1 week ago

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