104/224-226 Burwood HighwayBurwood VIC 3125
Property Details for 104/224-226 Burwood Hwy, Burwood
104/224-226 Burwood Hwy, Burwood is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Apartment sold in Burwood in the last 12 months.
Last Listing description (August 2024)
Discover the epitome of convenient student living with this 1 bedroom, 1 bathroom student accommodation at 104/224-226 Burwood Highway, Burwood. Positioned directly opposite Deakin University, this property presents an unbeatable opportunity for investors. Currently leased at $1,521 per month, this unit offers a fantastic rental return.
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.
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 endeavours 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 enquires 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
Property History for 104/224-226 Burwood Hwy, Burwood, VIC 3125
- 13 Aug 2024Sold for $200,000
- 01 Apr 2024Listed for Sale Under Contract By Leigh Petropoulos - 0432 280 567
- 20 Oct 2023Listed for Rent $350 / week
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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 8,284 properties. Over the last 5 years, Houses in Burwood have seen a 7.56% increase in median value, while Units have seen a 29.60% increase. As at 31 October 2024:
- The median value for Houses in Burwood is $1,429,165 while the median value for Units is $857,628.
- Houses have a median rent of $650 while Units have a median rent of $523.
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