Seddon A Great Suburb to Add Value

© Property Professor articles —
Reproduced with permission.

Seddon is 8 km West from the Melbourne CBD. It was established over 100 years ago and the homes in the area reflect this. With lovely old period homes, built of brick or clad with weatherboard, line the wide tree lined streets. The newer homes are built of brick veneer.

The area had a strong Greek influence due to the settlement of many migrants in the 1950’s and 60’s. There is an emerging Vietnamese influence, mainly as result of the 1970’s migration of Vietnamese people to Seddon and surrounding areas. The gentrification process is well underway in Seddon, including a lovely café precinct along Charles and Victoria St.

The main shopping precinct is along Charles and Victoria St, where Seddon Village is located. There are no schools within the boundaries of Seddon but there are many private and public, primary and high schools in the neighbouring suburbs of Yarraville, Kingsville and Footscray. Seddon’s access to public transport, in particular the train, provides very quick access to the city. The nearest tram is in neighbouring Footscray.

Why you should buy here

  • Close to the city, especially via the train. There are only three train stations between Seddon and Southern Cross (Spencer St) Station.
  • With its many historical homes, Seddon is an excellent suburb if you are looking to add value through renovations. The smaller homes are more appealing to investors who are looking to make a quick profit with a relatively small amount of money. Home owners are attracted to the larger Victorian style character homes on good sized blocks where they can establish their roots.
  • The Footscray Nicholson Campus of Victoria University (VU) is on the north east border of Seddon and the Footscray Park Campus of VU is a little further north. With so many young people in the area and a lovely cosmopolitan feel about the area, it is particularly appealing to international students.

Areas to focus on
Properties near the shopping precinct and close to Seddon Village can attract a premium. If you are within walking distance to the train station, you will appeal to many renters and buyers.

Areas to avoid
Avoid the main road to the north of Seddon, Buckley St, as it carries a heavy amount of traffic. Don’t buy too close to the train line where the noise emanating from the train acts as a negative influence on your property.

Happy House Hunting!

• Written by Peter Koulizos, university lecturer, author and buyers advocate. Peter will be presenting at “The Sydney Home Buyer and Property Investor Show'” on the 21 and 22 July and will be on Stand 316.

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