SOLD
Sold on 27 Jul 2024 for $130,000

33/388-390 Burwood Highway
Burwood VIC 3125

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 33/388-390 Burwood Hwy, Burwood

33/388-390 Burwood Hwy, Burwood is a 1 bedroom, 1 bathroom Unit and was built in 2009. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in Burwood in the last 12 months.

Building Type
Unit
Year Built
2009
Local Government
Whitehorse
Lot/Plan
33/PS611466

Last Listing description (August 2024)

Unlock the ultimate in student living convenience with this stunning 1 bedroom, 1 bathroom apartment at 33/388 Burwood Highway, Burwood.
Perfectly situated right across from Deakin University, this property is a golden opportunity for investors.

The prime location stands out as the crowning feature, providing students with unmatched ease of access to their studies. The vicinity is rich with amenities,

including diverse public transport options, entertainment venues, shops, and more, ensuring a comfortable and convenient lifestyle.

To enhance this offering, there's an option to rent a car space through Student Housing Australia, adding further allure for potential tenants and boosting the
property investment appeal.

This student accommodation is a highly coveted asset in the Burwood market, promising a profitable investment for discerning buyers. Seize the opportunity
to acquire a valuable piece of real estate in one of Melbourne's most dynamic student environments.

Photo ID required at all open for inspections.

Property History for 33/388-390 Burwood Hwy, Burwood, VIC 3125

A timeline of how this property has performed in the market
Last Sold
$130,000
27 Jul 2024
Listed for Rent
$200/w
04 Dec 2015
  • 27 Jul 2024
    Sold for $130,000
  • 08 Apr 2024
    Listed for Sale SOLD by Ray White Burwood
  • 24 Nov 2016
    Sold for $142,000
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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 8,359 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 38 properties listed for sale, and 19 properties listed for rent in Burwood on OnTheHouse. According to CoreLogic's data, 365 properties were sold in the past 12 months in Burwood.

Suburb Insights for Burwood 3125

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Disclaimer
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.