101/386 Burwood Hwy, Burwood is a 1 bedroom, 1 bathroom Unit and was built in 2009. While the property is not currently for sale or for rent, it was last sold in September 2022.
Superbly positioned opposite Deakin University this professionally managed low maintenance student accommodation is an astute investment opportunity for those who are looking for an affordable alternative to the property sector.
The fully secure modern apartment block offers secure intercom entry and 24 hours video surveillance ensuring a safe environment for all residents.
The simple practical layout features 1 bedroom, a walk-thru kitchen with gas cooktop, microwave, and fridge. Bathroom with shower, WC, basin plus living, meals, bed and study space.
Within stone throw to Deakin University, Burwood highway tram line to Ethihad Stadium (Docklands) and Vermont South Shopping Centre, nearby Burwood One shopping centre and Burwood Heights shopping strip.
Other amenities include secure car spaces available for rent, air conditioning, bicycle storage, communal laundry, library and shared common room.
Rental income:
Unit 101- $978 per month
Unit 104- $869 per month
Photo ID required at all inspections.
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 8,330 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:
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