22 Wridgway Ave, Burwood is a 8 bedroom, 2 bathroom House and was built in 1950. The property has a land size of 835m2 and floor size of 161m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Suited to a developer, investor, home buyer or land banker, this abundantly accommodating 8 bedroom, 3 bathroom home and impressive 835m (approx) land dimensions offer unlimited possibilities in a prized position. The existing home presents in comfortable order throughout and could be occupied or leased out (previously leased as student housing with lucrative rental returns). Alternatively, explore options to utilise this huge block to build your own contemporary masterpiece or multiple townhouses (STCA) within the Ashwood College zone, walking distance to trams, buses, Deakin University, PLC, shops and parklands.
Refer to second plan detailing Previous Rental Return Achieved Per Room. - $96K P.A . (approx)
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 8,360 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:
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