213/1 Delany AvenueBurwood VIC 3125
Property Details for 213/1 Delany Ave, Burwood
213/1 Delany Ave, Burwood is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005.This Property is currently listed for sale with MEGA CITY REAL ESTATE PTY LTD
Last Listing description (September 2024)
If you are seeking a strong cash-flow performer to add to your investment crown, look no further than this one-bedroom apartment. An investment decision of remarkable acumen, the property's position within a strong capital-growth network guarantees it a high rental yield, while its design requires little upkeep & attention.
Positioned on a quiet street less than 500 metres from Deakin University with Burwood Highway trams, restaurants and cafes just seconds away, this 1-bedroom student apartment is a very astute investment opportunity.
A modern kitchen with microwave, cooktop and refrigerator is accompanied by a meals area, study, attractive and fresh bathroom plus a spacious bedroom and balcony access. Including a secure foyer and intercom as well as a shared laundry and a large common room. It also comes with a basement car park and a storage cage.
Tram number 75 is located within walking distance of the building, on Burwood Highway, and takes you to local shops in minutes (including the brand-new Burwood Brickworks, Burwood One (24x7 shopping at Kmart and Coles) and Burwood Heights shopping precincts), or Melbourne City centre in approximately thirty minutes.
This property is currently leased for $14,340 per annum from 14/02/2024 - 12/02/2025.
The outgoings for this apartment are as follows:-
1. Body corporate fee approx. $4,441.48 pa including car parking space
2. Water & sewerage rate approx. $748.00 pa
3. Council rate approx. $328.70 pa
Property History for 213/1 Delany Ave, Burwood, VIC 3125
- 09 Sep 2024Listed for Sale $125,000
- 19 May 2024Listed for Sale $135,000-$140,000
- 05 Feb 2024Sold for $95,000
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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.
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