West Footscray secures 5.8% annual growth in Melbourne's cheapest weekend sale

| Dec 7,2015

Melbourne's cheapest weekend auction sale was a $188,000 one bedroom unit in West Footscray. More than $150,000 was being sought.

It last traded for $114,650 in 2007 reflecting an annual price appreciation of 5.81%.

The property is located seven kilometres west of the Melbourne CBD.

The unit has a generously proportioned bedroom with an ensuite and laundry facilities.

Chris Gotzilianis and Adam Welling of Village Real Estate were the selling agents of 7/13 Ormond Road which also comes with designated off-street parking for one.

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.