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53 Ryan St

Footscray VIC 3011

2
1
2
House
Currently for sale - view listing

Overview

An Outstanding Opportunity in Thriving Footscray with Approved Plans & Permits

An outstanding opportunity in the heart of Footscray, 53 Ryan Street presents a compelling combination of immediate investment appeal and significant future development potential, all within one of Melbourne's most dynamic and rapidly evolving inner-west precincts. Occupying a rectangular, north-facing allotment of approximately 184sqm, the property is positioned within the Activity Centre Zone and is further enhanced by convenient rear laneway vehicle access. Adding considerable value to the offering are approved plans and permits for an impressive five-level mixed-use development, comprising five commercial office spaces and two spacious two-bedroom, 2.5-bathroom residences. For those looking to explore a different vision for the site, there is also potential to investigate alternative development outcomes, including an all-residential project, subject to council approval. Beyond the property itself, the location places the very best of Footscray within easy reach. Renowned restaurants, cafés, shopping and local amenities are all nearby, while Footscray Railway Station and extensive public transport connections provide excellent accessibility throughout Melbourne. With the CBD approximately 6 kilometres away, the position continues to benefit from the convenience, connectivity and ongoing growth that has made Footscray such a sought-after inner-city destination. Offering approved plans, rear access and a versatile Activity Centre Zone position, 53 Ryan Street represents a rare opportunity to secure a property with both immediate value and exciting future possibilities.

Features

2 bedrooms
1 bathroom
2 carspaces
House

Property history for 53 Ryan St

2016
Sold
$1,170,000
14 Oct 2016 by Terry Cooper, of Trimson Partners Real Estate

Happy sellers in Footscray

83%
83% of sellers in Footscray reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 90 reviews in Footscray over the last 12 months.

Local market activity for 2 bedroom houses in Footscray

In the last 12 months, 43 two-bedroom houses similar to 53 Ryan St, have been sold.

This represents a 5% increase in two-bedroom houses sales when compared to the previous 12 months.

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