FOR SALE
$640,000 to $665,000

401/40 Burgundy Street
Heidelberg VIC 3084

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 98m2
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Spacious 2 bed 2 bath 2 carpark

Discover the perfect blend of style, convenience, and comfort in this spacious 2-bedroom, 2-bathroom apartment with a study, located in the heart of Heidelberg. Boasting 90sqm of internal space and an additional 8sqm balcony, this property is ideal for professionals, small families, or investors seeking an exceptional opportunity in a vibrant, well-connected area. With 2 secure carparks and a storage unit, this modern apartment provides everything you need for contemporary living.
Prime Location: Situated in the lively Burgundy Street precinct, you'll enjoy convenient access to all the amenities Heidelberg has to offer, with easy transport links and proximity to leading schools and hospitals.
Outgoings:-
- OC fee: $5,000 p.a.
- Council fee: $1,098 p.a.
- Water rates: $185 per quarter
Austin Hospital and Mercy Hospital - 800m
Warringal Shopping Centre - 95m
Heidelberg Railway Station - 1.4km
La Trobe University (Bundoora Campus) - 5km
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Property Details for 401/40 Burgundy St, Heidelberg

401/40 Burgundy St, Heidelberg is a 2 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a floor size of 98m2. The place is currently for sale with Gibson Land.

Building Type
Apartment
Floor Size
98m2

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About Heidelberg 3084

The size of Heidelberg is approximately 2.9 square kilometres. It has 13 parks covering nearly 20% of total area. The population of Heidelberg in 2011 was 5,712 people. By 2016 the population was 6,250 showing a population growth of 9.4% in the area during that time. The predominant age group in Heidelberg is 30-39 years. Households in Heidelberg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg work in a professional occupation. In 2011, 63.4% of the homes in Heidelberg were owner-occupied compared with 57.2% in 2016.

Heidelberg has 4,339 properties. Over the last 5 years, Houses in Heidelberg have seen a 18.47% increase in median value, while Units have seen a 12.37% increase. As at 31 October 2024:

  • The median value for Houses in Heidelberg is $1,386,121 while the median value for Units is $666,312.
  • Houses have a median rent of $600 while Units have a median rent of $530.
There are currently 11 properties listed for sale, and 6 properties listed for rent in Heidelberg on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Heidelberg.

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Mandy Loh
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Gibson Land
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