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62 Mcpherson Street, Essendon$3m
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For Salehouse

62 Mcpherson Street

Essendon, VIC 3040, Australia
$2.90m – $3.10m
10 bed 5 bath 5 car725 m²

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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 Details

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

Repayment calculator

$14,544/month
$7,272 /fortnight
Loan $2,400,000 at 6.10% over 30 years

Upfront costs

Deposit$600,000
Stamp duty$175,000
Conveyancing (est.)$2,000
Total upfront$777,000
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.

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Neighbourhood

Living in Essendon

This 10-bedroom house in Essendon, VIC 3040 sits within reach of public transport, local shops and nearby schools. It is listed 275% above the $799,000 median of 51 comparable houseswithin 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

  • Glenbervie 1 (train)1.4 km away
  • Le Pine1.5 km away
  • Five Mile Creek Reserve1.1 km away
  • Unnamed1.2 km away
  • Cross Keys Oval1.5 km 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 · House 4 bed

Compound growth +1.2% / yr over 4 yrs

$1.98mcurrent median

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Price history

Price history

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2 price changes recorded for this property

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