FOR SALE
$125,000 - $137,000

43/388-390 Burwood Highway
Burwood VIC 3125

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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A smart venture into a higher education precinct

The perfect stepping stone to successful investing, this simple, low-vacancy student accommodation is in a prime location, merely metres from Deakin University.
An easy stroll to vibrant Burwood Brickworks with its great eateries, retailers and cinema, the Burwood Heights shops are just seconds away, the city-bound tram is at the door, and nearby buses travel to Box Hill Central, the TAFE and Monash University.
Enjoying a quiet position towards the rear and a first-floor balcony overlooking a relaxing garden environment, there's a modern kitchen, bathroom, study/living room and bedroom with split system air-conditioner.
- High quality, low-vacancy student accommodation
- Just metres from Deakin University
- A safe and secure development
- Bright design with a balcony
- Split system heating/air-conditioning
Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. We always recommend undertaking your own due diligence.
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Property Details for 43/388-390 Burwood Hwy, Burwood

43/388-390 Burwood Hwy, Burwood is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with McGrath Box Hill.

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 8,333 properties. Over the last 5 years, Houses in Burwood have seen a 14.78% increase in median value, while Units have seen a 41.97% increase. As at 31 August 2024:

  • The median value for Houses in Burwood is $1,419,017 while the median value for Units is $899,853.
  • Houses have a median rent of $660 while Units have a median rent of $525.
There are currently 40 properties listed for sale, and 15 properties listed for rent in Burwood on OnTheHouse. According to CoreLogic's data, 358 properties were sold in the past 12 months in Burwood.

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Joo Ming Lim
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Michael Gao
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McGrath Box Hill
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