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Sold on 12 Aug 2024 - Price Unavailable

7/388-390 Burwood Highway
Burwood VIC 3125

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 7/388-390 Burwood Hwy, Burwood

7/388-390 Burwood Hwy, Burwood is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Apartment sold in Burwood in the last 12 months.

Building Type
Apartment
Local Government
Whitehorse
Lot/Plan
7/PS611466

Last Listing description (August 2024)

Embrace the epitome of convenience and comfort in this beautifully presented one-bedroom, one-bathroom student ONLY apartment, ideally situated in the thriving suburb of Burwood, Victoria.

OUTGOINGS

General Council Rates approx: $350/annum*
Water Services approx: $140/quarter*
Owners Corp Fee approx: $2,100/annum*
*Please confirm these figures with the Section 32. This is a guide only

Current rental -
$270/week and leased until 15/01/2025

This appealing property is not only a stone's throw from Deakin University but also benefits from the bustling Burwood Brickworks shopping and entertainment precinct, making it a highly sought-after location for students and investors alike.

Key Features:

- Furnished for Ease: This unit comes furnished, offering a hassle-free move-in for students and a turnkey solution for investors.

- Unbeatable Location: Just a short walk to Deakin University, this apartment is perfectly positioned for students seeking an easy commute to campus.

- Exclusive Outdoor Space: The private courtyard is a rare find in student accommodation, providing a serene outdoor area for relaxation or study.

- Security and Peace of Mind: Residents benefit from a secure entrance, ensuring safety and privacy.

- Communal Conveniences: An onsite communal laundry adds to the practicality of student living.

- Stay Connected: Affordable Wi-Fi rates cater to all digital needs, whether for study or entertainment.

- Car Parking: Secure car parking is available for rent, a bonus for residents with vehicles.

- Socialize and Relax: The common room is a fantastic space for residents to socialize and unwind.

Inside, the apartment exudes a warm and welcoming atmosphere, with a well-thought-out layout that maximizes space and functionality. The bedroom and bathroom offer privacy and comfort, essential after a long day of studies. The inclusion of furniture means new residents can settle in immediately without the stress of furnishing their new home.

The location of this property is a key highlight. Situated within walking distance of Deakin University, it's perfect for students looking to minimize travel time. Additionally, the proximity to Burwood Brickworks offers an array of shopping, dining, and entertainment options, ensuring that leisure time is just as fulfilling as study time.

Public transportation is readily accessible, providing seamless connections to the wider Melbourne area. Whether it's for a quick trip to the city or exploring the local attractions, this location offers it all.

In summary, this apartment represents an excellent opportunity for investors seeking a high-demand property in a prime location or for students looking for a convenient, comfortable, and vibrant place to call home during their university years.

Don't miss out on this outstanding opportunity in the heart of Burwood. Contact us today to arrange a viewing and take the first step towards securing this exceptional property.

Property History for 7/388-390 Burwood Hwy, Burwood, VIC 3125

A timeline of how this property has performed in the market
Last Sold
12 Aug 2024
Listed for Rent
$230/w
02 Nov 2022
  • 13 Sep 2024
    Listed for Rent $320 / week
  • 07 Aug 2024
    Sold for $106,000
  • 05 Mar 2024
    Listed for Rent $270 / week
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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 41 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.

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Zeno Kobica
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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.