358 Burwood HighwayBurwood VIC 3125
Property Details for 358 Burwood Hwy, Burwood
Last Listing description (July 2022)
This project is definitely every developer's dream opportunity with the below features:
- RGZ1
- Corner Block (1639sqm approx.)
- 32 Apartments approved (Permit expired 9/4/2022)
- Concept drawing for five storey 40 apartments
- Zoned in Mount Waverley Secondary College
- Walking distance to Deakin University and Tram Station.
The site could also be turned into a retirement village, age care facility or child care centre(all options STCA). Situated on the corner of Burwood Hwy and La Frank St, these three individual allotments totalling 1639sqm approx. have assembled together with tenanted dwellings consisting of:
- 2a LA Frank St - 2-bedroom unit with bathroom and single garage on 286sqm approx.
- 358 Burwood Hwy - 3-bedroom, 2-bathroom, north-facing, brick house on 817sqm approx.
- 360 Burwood Hwy - 2-bedroom, north-facing, weatherboard house on 536sqm approx.
Perfectly situated with Tram 75 running along Burwood Hwy to the CBD and Burwood One Shopping Centre. Whilst only a stone's throw from Deakin Uni, PLC, St Scholastica's Primary, Mount Scopus College, medical facilities, childcare and Burwood Heights Shopping Centre. In the esteemed Mount Waverley Secondary College Zone, moments from parkland and major arterials.
Property History for 358 Burwood Hwy, Burwood, VIC 3125
- 02 Nov 2023Sold for $2,250,000
- 28 Oct 2021Listed for Sale $9,000,000
- 12 Feb 2021Listed for Sale Massive 1660sqm* Land, Walk to Deakin Uni
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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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