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Sold on 10 Nov 2024 for $123,000

213/1 Delany Avenue
Burwood VIC 3125

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 213/1 Delany Ave, Burwood

213/1 Delany Ave, Burwood is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom Apartment sold in Burwood in the last 12 months.

Building Type
Apartment
Local Government
Whitehorse
Lot/Plan
213/PS604820

Last Listing description (November 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 $15,180 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

A timeline of how this property has performed in the market
Last Sold
$123,000
10 Nov 2024
Listed for Rent
$275/w
09 Oct 2023
  • 10 Nov 2024
    Sold for $123,000
  • 09 Sep 2024
    Listed for Sale $123,000
  • 19 May 2024
    Listed for Sale $135,000-$140,000
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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 8,358 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.
There are currently 40 properties listed for sale, and 20 properties listed for rent in Burwood on OnTheHouse. According to CoreLogic's data, 368 properties were sold in the past 12 months in Burwood.

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Kenny Lau
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Rick Lin
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MEGA CITY REAL ESTATE PTY LTD
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.