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VIC › Footscray › Hallenstein St

U704, 2 Hallenstein St, Footscray VIC 3011

For saleApartment

$41,500–$42,500

For sale

Asking range

1

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $41,500–$42,500 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $41,500–$42,500(Listing record · 18 June 2025)
  • CalculationAsk is 95% below the Footscray median recorded sale ($880,000, n=31, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Footscray's advertised median rent ($498/wk), implied gross yield would be 62.40% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$41,500–$42,500

Asking range

No recorded sale for this property.

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.

See the full Footscray report →

Vs Footscray

-95.3%

Median sale

Suburb $880,000

+59.46 pp

Gross yield

Suburb 2.94%

Suburb median $880,000 from 31 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$41,500
Stamp Duty (Victoria)
$746
Transfer/Registration Fee
$200
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$46,146

$4,646 on top of the price (11.2% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Footscray's advertised median rent — not a rent for this listing.

Net yield
60.90%
Annual cashflow (pre-tax)
$23,116
Interest cover (DSCR)
11.71
Annual rent
$25,896
Operating expenses
$623
Loan amount
$33,200
Annual interest
$2,158
Gross yield
62.40%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$41,500–$42,500available18 June 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 62.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Footscray in one glance

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.

See the full Footscray report →

Keep researching

  • Why Footscray? Read the area thesis →
  • What else is on the market in Footscray →
  • Other records on Hallenstein St →

Listing material

Listed by Eview Group

Smart Buying: Full Car Park, Full Storage, Prime Location

** Ideal Investment with an approximate rental yield of 6% - weekly rent estimated to be $470 - $550pw **

A rare opportunity to secure a premium one-bedroom apartment in one of Footscray's most sought-after lifestyle precincts.

Positioned just minutes from the CBD, this modern residence offers unmatched convenience, quality finishes, and the added value of both a full-sized car space (no stacker) and a full storage cage (not just an over-boot).

Read the full description

Whether you're a first-home buyer, savvy investor, or downsizer looking for low-maintenance living with every urban convenience, this property ticks all the boxes.

Property Features:

- Secure, full-sized basement car park (not a stacker)

- Full storage cage - ideal for bikes, tools, or travel gear

- Generous one-bedroom layout with mirrored built-in robes

- Open-plan kitchen, living and dining area with plenty of natural light

- Stylish kitchen with stone benchtops and stainless-steel appliances

- Modern central bathroom with quality finishes

- Private balcony perfect for morning coffee or evening relaxation

- Split system heating and cooling

- European laundry

- Secure intercom entry and lift access

Location Highlights:

* Just under 6km to Melbourne's CBD

* Walking distance to Footscray Station, Barkly Street dining, Footscray Market, and Victoria University

* Surrounded by cafes, parks, shops, and public transport

* Easy access to bike trails, Maribyrnong River, and local amenities

* High rental demand and strong capital growth in a rapidly evolving suburb

This is a standout offering in the current market - perfect for buyers seeking a lifestyle location with real long-term value. Properties with full car parking and full storage in this category are increasingly rare.

This property is sure to impress.

Call Vicky on 0415 961 662 to book your inspection today.

Owners Corp Fees: $865.00 (inc. GST) per quarter (approx.)

Potential Rental Return $470 - $550pw

MULTI AWARD WINNING DEVELOPMENT

- 2021 UDIA Victoria Awards for Excellence - High Density Development Winner

- 2022 MELBOURNE Design Awards 2022 - Silver Winner

- 2022 The Urban Developer Awards for Industry Excellence Finalist

- 2023 AUSTRALIAN Design Awards - Gold Winner

- 2023 UDIA Victoria Awards for Excellence - Design Finalist

Listing description written by Vicky Gardner and David Michos, Eview Group — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Floorboards
  • Gym
  • Intercom
  • Outdoor Entertaining
  • Pool
  • Secure Parking
  • Study
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.