5/4 McPhail Street, Essendon VIC 3040

Perfectly positioned in one of Essendon’s most sought-after pockets. This first-level, one-bedroom apartment offers modern comfort, abundant natural light, and unbeatable convenience.
Ideal for savvy investors or first-home buyers seeking a low-maintenance lifestyle.

The Essentials:
• Generously sized bedroom with built-in robe
• Contemporary kitchen with stainless steel appliances & dishwasher
• Sleek, modern bathroom with walk-in shower
• Dedicated off-street car space
• Currently leased to reliable tenants until January 2026, who have expressed they would like to extend the lease for a further 12 months.

The Extras:
• Light-filled interior with a functional, open-plan layout
• Quiet and well-maintained building
• Reverse cycle heating and cooling
• Block-out and privacy blinds
• Ample storage space throughout
• New 50L Rheem hot water system (installed September 2024)

The Numbers:
Water – $180 per quarter
Body Corporate - $485 per quarter
Council Rates - $304 per quarter
Estimated Rent - $330 to $350 per week

The Village:
Ideally located for easy living, you’re just a 5-minute walk to Essendon Station, providing direct access to the Melbourne CBD and airport in under 20 minutes.
Rose Street Village and nearby Napier Street Village offer a vibrant café culture, boutique shops and all your daily essentials.
Conveniently located near Windy Hill, Aberfeldie Park, and the Maribyrnong River.
Zoned for the well-regarded Essendon Keilor College and Buckley Park College, with private schools including Lowther Hall Anglican Grammar, Penleigh & Essendon Grammar (PEGS), and St Columba’s College all within walking distance.
CityLink access is a quick 5-minute drive and only 9km from the Melbourne CBD.

The Clincher:
For investors, it is well-presented, with a reliable tenant and the opportunity to extend the lease, as well as low owner corporation fees.
For Owner occupied, an entry level property, move-in ready property in walking distance to shops and Essendon train station, CBD, and airport in under 20 minutes.

For more details, please don't hesitate to contact the team at Pennisi.