Footscray at a glance
20,920
People
$880,000
Median sale
$498/wk
Median rent
2.94%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
VIC › Footscray › Nicholson St
3
Bedrooms
1
Bathrooms
2
Car spaces
560 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Footscray (last 5 years) with land size have a median of $3,769/m² of land (n=15). Districts calculation from recorded sales — not a valuation.
Footscray at a glance
20,920
People
$880,000
Median sale
$498/wk
Median rent
2.94%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $498/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Footscray at a glance
20,920
People
$880,000
Median sale
$498/wk
Median rent
2.94%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by OBrien Real Estate SeddonJust moments from Footscray Park and Victoria University as well as walk-to-everything conveniences including Train, Bus & Barkly Street Shopping Precinct, this substantial corner allotment of approximately 560SQM hosting a character-filled 3 bedroom original on an enticing ACZ1 block is either a renovator's or developer's dream (STCA).
A dizzying array of possibilities confront one lucky buyer considering this exceptional block barely 7KM from Melbourne's CBD in an exceedingly well-placed position offering walk-to-access to everything Footscray has to offer. The opportunity to harness the charm of this home and transform it into the family home of your dreams with irreplaceable heritage is tempting.
A welcoming central hallway traverses the floorplan bisecting forward lounge, dining and kitchen on one side with all 3 well-proportioned bedrooms on the other. Featuring period cornice and adornments, the two front bedrooms retain fireplace fixtures and an appreciative eye will note Baltic trimmings and floorboards.
An updated internal bathroom/toilet (from original) and enclosed laundry concede 20th century updates and a considered 'opening up' of the kitchen to the dining area emphasises the space available for renovation within a kitchen that is otherwise basic but functional.
A double brick-fronted garage with side-road access reminds you how generous this block actually is (especially so close to the city) whilst the Nicholson Street frontage behind a picket fence bewitches with it's bull-nose veranda and sash windows. What to do - renovate or develop? (STCA)
Listing description written by Peter Gindy, OBrien Real Estate Seddon — reproduced as published, not verified by Districts.
Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.