22 Richelieu St, West Footscray, public sale June 30

0 5

WEST Footscray is proof that a decade can rework a suburb, with an inflow of younger households triggering its gentrification.

As soon as a part of Melbourne’s extra undesirable areas, the suburb is now predicted to be Melbourne’s subsequent million-dollar celebrity, having achieved its highest ever median home worth of $897,500.

Village Seddon gross sales agent John Luong mentioned West Footscray had seen “heaps of progress” up to now decade.

MORE: Consumers in field seat at Melbourne auctions

The interstate suburb hottest with Victorian home hunters

This was partly as a result of a spill over of consumers from Yarraville and Seddon, eager for West Footscray’s extra inexpensive costs.

“West Footscray will certainly be the following million-dollar suburb in Melbourne,” Mr Luong mentioned.

“It has all the time been a suburb that’s bought effectively, however older Europeans are actually shifting out and younger households are shifting in.

“It’s filled with good interval houses on huge blocks, and there are good major faculties right here as effectively.”

CoreLogic figures reveal that within the decade to March, West Footscray homes drew with Kingsville to take pleasure in Maribyrnong Metropolis Council’s second highest median worth progress of seven.5 per cent per yr.

Previously 5 years, the suburb’s median skilled an astonishing 79.5 per cent worth leap, a determine overwhelmed solely by Braybrook with an 89.6 per cent improve.

Mr Luong mentioned a West Footscray dwelling going to public sale this weekend was a chief instance of the stylishly renovated household properties now on provide within the suburb.

The California bungalow at 22 Richelieu St incorporates a deck, barbecue and outside spa, in addition to a wood-fired heater, brick fire, up to date kitchen and loads of interval particulars.

“California bungalows all the time promote effectively, however that is the standard household dwelling that individuals are in search of in West Footscray,” Mr Luong mentioned.

MORE: Port Melbourne’s $18m mansion within the sky up once more

Public sale win for ex-Aussie Olympic boss

Kane Simmons, who grew up within the suburb, purchased the three-bedroom pad together with his spouse in 2002 for $266,000.

The pair have prolonged the house to incorporate an open-plan dwelling hub, a essential bed room with an ensuite, and the deck and yard.

Mr Simmons mentioned it was thrilling to see West Footscray change, describing the suburb as “the following Yarraville”.

“It was initially a sleepy hole suburb with not even a restaurant,” he mentioned.

“It’s now extra of a restaurant tradition right here with a neighborhood really feel.

“You see folks pushing prams and getting coffees.

“Every part’s booming right here.”

Mr Simmons mentioned he’d loved getting concerned locally as supervisor and coach of the native junior soccer crew, West Footscray Roosters, in addition to the lead singer and guitar participant in a number of native bands.

“It’s thrilling instances for the world and ideally, we’d like to remain right here,” he mentioned.

The house will probably be auctioned this Saturday, June 30, with a worth information of $1-$1.1 million.

SUBURB PROFILE: WEST FOOTSCRAY

Supply hyperlink – https://www.information.com.au/finance/real-estate/melbourne-vic/what-has-triggered-west-footscrays-suburb-growth/news-story/ba07754c311d5919c4a3bbe054b23c88

You might also like

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.