Back G02/1142 Mt Alexander Road
Off Market

G02/1142 Mt Alexander Road

Essendon VIC 3040

1
1
1
0 m²
Apartment
Last sold for $299,000
Ryan PaganRyan Pagan, last sold this property on 20 August 2025 after 77 days on market.

Overview

PUNT HILL ESSENDON - A Guaranteed $491 per week LEASED to February 2031

A guaranteed return $491 per week for an extra-large, ground floor, 1 bedroom apartment with car space at Punt Hill, The Essendon Grand. Ideally located on the ground floor, this apartment faces onto the building rear courtyard, facing East with plenty of morning sun. The complex, originally known as the art deco designed Grand Hotel, now PUNT HILL serviced apartments. This apartment is strictly only for the Investor with NEW 5 YEAR Lease commencing on the 20th February 2026 & running to 2031. Excellent tenant - Punt Hill Serviced Apartments. www.punthill.com.au with a further three (3) 5 year options that sit with the tenant. No vacancy periods, no letting fees and no advertising for any new tenant. The numbers are big for a 1 bedroom, $26,057.76 per annum, $2,171.78 per month, $501 per week. Fittings include, granite benches, Stainless Steel appliances, heating, cooling, window furnishings, Euro laundry. Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings, Euro laundry and secure basement car space. Superb location with shops, public transport, pubs and major roads nearby. Ideal for your own Superannuation fund.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
0 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Essendon over the last 12 months, the estimated median property value of G02/1142 Mt Alexander Road is $350k.

Median value
$350k
Estimated value range
$260k - $535k
Median days on market
26
Estimated value trend
6%
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 G02/1142 Mt Alexander Road

2025
Sold
$299,000
20 Aug 2025 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 1 bedroom apartments in Essendon

In the last 12 months, 65 one-bedroom apartments similar to G02/1142 Mt Alexander Road, have been sold.

This represents a 23% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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