8 Faelen StreetBurwood VIC 3125
Property Details for 8 Faelen St, Burwood
8 Faelen St, Burwood is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 603m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (October 2023)
Nestled in an enviable address boasting the luck of the number 8, this exquisite home offers breathtaking panoramic views of the Ranges and an unparalleled location just steps away from PLC, Deakin University, and convenient tram access. Spanning an impressive 604sqm approx., this exceptional property presents an ideal opportunity to create a luxurious new home (subject to council approval).
The current residence provides a comfortable living space and presents a lucrative rental option while you finalize your plans and permits. As you enter, you are greeted by a welcoming lounge adorned with a cozy gas heater, seamlessly flowing into the adjacent kitchen and spacious meals area. Two well-appointed bedrooms are serviced by a family bathroom, separate toilet, and laundry facilities.
Step outside to appreciate the awe-inspiring views that await, allowing you to envision the remarkable future this property holds. The expansive backyard, complete with a bungalow and double garage, offers endless possibilities for outdoor enjoyment.
Positioned in an esteemed locale, this prestigious address is enhanced by a children's playground just across the road. Within a short stroll, you'll find yourself at PLC, Deakin University, Wattle Park Golf Course, Gardiners Reserve, Mount Scopus College, and tram connections to Burwood Shopping Village, Burwood One Shopping Centre, the CBD, and nearby train stations.
In addition to its outstanding features, it's worth noting that the house is currently leased on a month-to-month basis, generating a rental income of $1520 per calendar month. This provides a valuable opportunity for immediate returns while you navigate the process of obtaining plans and permits for your future development. Secure a steady income stream as you plan and envision the transformation of this remarkable property.
Indulge in the perfect blend of location, views, and potential, making this exceptional property a dream opportunity for those seeking luxury and convenience in one package.
Property History for 8 Faelen St, Burwood, VIC 3125
- 27 Jun 2023Sold for $1,398,000
- 29 May 2023Listed for Sale SOLD by Ray White Burwood
- 04 Jan 2022Listed for Rent $400 / 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 8,330 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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