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Asking Price
$3,050,000
On 5,093 properties that later sold, blending providers in narrowed typical error from 6.68% to 5.66%, and lifted the share landing within 10% of the sale price from 66.9% to 73.3%.
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Property overview
This 5-bedroom house at 22 Collins Street in Essendon, VIC 3040 is on the market at $3.0M, with 5 bathrooms and parking for 4. It offers a 526 m2 block and 130 m2 of internal living space. The house was built in 1930. Essendon sits about 8.4 km from the CBD, where the median house price is $1.8M. Council data shows no flood or bushfire overlay on the site. 78 schools sit within about 5km, and the area scores 71 for walkability and 100 for transit out of 100.
A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.
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Based on $3,050,000 asking signal.
Signals use available listing and suburb data. They are not personal financial advice.
Listed
Updated
Latest price change
$3,100,000 to $3,050,000
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Essendon at a glance
House market signals | VIC 3040
Median
$1.8M
Market signals
To CBD
8 km
Est. Valuation
$1,392,879
Potential Sell Price
Est. Rent/wk
$745
Potential Gross Yield
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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.
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Key Highlights
Planning Overlays
No Overlays Detected
Subdivision & Development Potential
Indicative assessment only. Consult your local council planning department for definitive subdivision information.
Total Cost to Purchase
- Purchase Price
- $3,050,000
- Stamp Duty (Victoria)
- $178,250
- Transfer/Registration Fee
- $2,500
- Legal & Conveyancing (est.)
- $2,000
- Building & Pest Inspection (est.)
- $700
- Total Cash Required
- $3,233,450
Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.
Listing Details
- Listed
- Last Updated
- Postcode
- 3040
- Original listing
- Original listing is on paid plans
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How accurate are AU property valuations?
Four providers benchmarked against 14,000 sold prices. MAE 6.82% to 11.24%, all biased high.
Where Australian property prices are rising and falling in 2026
Capital growth across 12,000+ tracked suburbs: WA +12%, VIC +3.9%, plus the picture in every other state.
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