Back 113/1142 Mt Alexander Rd
Off Market

113/1142 Mt Alexander Rd

Essendon VIC 3040

2
2
1
0 m²
Apartment
Last sold for $410,000
Ryan PaganRyan Pagan, last sold this property on 04 November 2025 after 187 days on market.

Overview

A Guaranteed $638.31 per week LEASED to February 2031

On offer is a guaranteed return of $638.31 per week for a 2 bedroom, 2 Bathroom apartment with car park at Punt Hill, The Essendon Grand. Strictly, only for the Investor, is this roomy dual key apartment, currently under a 5 YEAR Lease commencing on the 20th February 2026 & running to 2031. Existing tenant, PUNT HILL has been in occupation for the past 19 years & with another Three (3) further 5 year options. No vacancy periods, no letting fees and no advertising for any new tenant. The numbers are big when compared to other local rentals, $33,192.36 per annum, $2,766.03 per month or $638.31 per week. Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings and Euro laundry. Superb location with shops, public transport, pubs and major roads nearby. No vacancy periods & no letting fees. Ideal for your own Superannuation fund NOTE - This apartment has also been recently refurbished with new carpet, fresh paint & new window furnishings, thus keeping future expenditure low.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
0 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Essendon over the last 12 months, the estimated median property value of 113/1142 Mt Alexander Rd is $550k.

Median value
$550k
Estimated value range
$349.99k - $815k
Median days on market
30
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Essendon. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 113/1142 Mt Alexander Rd

2025
Sold
$410,000
04 Nov 2025 by Ryan Pagan, of Pagan Real Estate
2025
Rented
Undisclosed
Leased on 04 Aug 2025 by For Sale By Owner Australia
2022
Sold
$410,000
17 Nov 2022 by Ryan Pagan, of Pagan Real Estate

Happy sellers in Essendon

88%
88% of sellers in Essendon reported that their sale price either exceeded or met their price expectations.

Essendon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 56 reviews in Essendon over the last 12 months.

Local market activity for 2 bedroom apartments in Essendon

In the last 12 months, 118 two-bedroom apartments similar to 113/1142 Mt Alexander Rd, have been sold.

This represents a 18% increase in two-bedroom apartments sales when compared to the previous 12 months.

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