15/388-390 Burwood Hwy, Burwood is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2009. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Burwood in the last 12 months.
Outstanding investment opportunity offering student accommodation and incredibly priced this ultra-modern single bedroom ground level apartment boasts a functional floor plan and private courtyard. A new tenant in place until January 2025 at approximately $1,173 per calendar month (the existing tenant has been there for 3 years). A car space and storage shed are included with the contract under an exclusive licence for 99 years. The car space is separately leased at $70.00 per month. TOTAL MONTHLY RETURN of $1,243.00.
Built in 2009, the building provides laundry facilities, a recreation room, and more. An estimate of outgoings is as follows: Rates: $339.00 pa. Water: $544.00 p a. Rental management: $1,000 pa. Owners' corporation: $2,085.70 pa. TOTAL: $3,968. NOTE: Outgoings are tax-deductible expenses that can be claimed in your annual tax return; please refer to your accountant. This student focused investment offers accommodation for casual, part-time and full-time students. Owner occupiers welcome (subject to being a casual/PT/FT student). Located a very short walk from Deakin University, the new Burwood Brickworks Shopping Centre and offering a choice of tram or bus transport services you will further benefit from a fabulous array of nearby cafes, restaurants, shops, supermarkets, and sporting fields. The storage unit can also be leased out separately.
Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
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 8,328 properties. Over the last 5 years, Houses in Burwood have seen a 20.78% increase in median value, while Units have seen a 15.70% increase. As at 31 July 2024:
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