FOR SALE
~ 11% return (P. A) | Student Accomodation

103/224-226 Burwood Highway
Burwood VIC 3125

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Investment Opportunity Opposite Deakin University

Discover the epitome of convenient student living with this 1 bedroom, 1 bathroom student accommodation at 103/224-226 Burwood Highway, Burwood. Positioned directly opposite Deakin University, this property presents an unbeatable opportunity for investors. Currently leased out, this unit offers a fantastic rental return, ~10-13%.
The location is the key highlight, offering unparalleled convenience for students. With Deakin University just steps away, residents enjoy easy access to education. Additionally, the property is surrounded by a plethora of amenities, including public transport options, entertainment venues, shops, and more. One of the standout features of this property is its size-slightly larger than other one-bedroom units within the complex, providing more space and comfort for tenants.
For added convenience, there is potential to rent out a car space through Student Housing Australia, making this investment even more appealing to prospective tenants.
This student accommodation is a sought-after gem in the Burwood marketplace, making it a lucrative investment for savvy buyers. Don't miss this chance to own a piece of prime real estate in one of Melbourne's most vibrant student hubs.
Disclaimer: We have, in preparing this document, used our best endeavors to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 103/224-226 Burwood Hwy, Burwood

103/224-226 Burwood Hwy, Burwood is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Ray White Ashburton.

Building Type
Apartment

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About Burwood 3125

The size of Burwood is approximately 6 square kilometres. It has 28 parks covering nearly 18.5% of total area. The population of Burwood in 2011 was 13,162 people. By 2016 the population was 15,015 showing a population growth of 14.1% in the area during that time. The predominant age group in Burwood is 20-29 years. Households in Burwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Burwood work in a professional occupation. In 2011, 64.2% of the homes in Burwood were owner-occupied compared with 58.5% in 2016.

Burwood has 8,417 properties. Over the last 5 years, Houses in Burwood have seen a 7.93% increase in median value, while Units have seen a 29.39% increase. As at 30 November 2024:

  • The median value for Houses in Burwood is $1,404,021 while the median value for Units is $936,990.
  • Houses have a median rent of $680 while Units have a median rent of $520.
There are currently 35 properties listed for sale, and 22 properties listed for rent in Burwood on OnTheHouse. According to CoreLogic's data, 381 properties were sold in the past 12 months in Burwood.

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Leigh Petropoulos
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Dallas D'Silva
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Ray White Ashburton
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