8 Hutchinson StreetBurwood East VIC 3151
Property Details for 8 Hutchinson St, Burwood East
8 Hutchinson St, Burwood East is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 628m2 and floor size of 135m2. While the property is not currently for sale or for rent, it was last sold in April 2016.
Last Listing description (May 2016)
From its aptness as a development site (STCA) to its suitability as a real fixer-upper, such is the wide appeal of this potential-rich piece of real estate that missing out on this premium opportunity shouldn't be an option! Enjoying a sizeable 627sqm (approx.) allotment in a first-class neighbourhood within a short stroll of Forest Hill Chase, Burwood One Shopping Centre, Burwood East Primary School, Forest Hill College, Mahoneys Reserve and Burwood Highway trams, developing the property appears the obvious destiny (STCA).
The existing single-level home, however, presents the true visionary with an opportunity to totally transform the blank canvas interior into a modern work of art. Featuring a light-filled open-plan living/kitchen area and zoned bedrooms, the main residence provides access to a self-contained bungalow, which could be used for extended family living, a teenager's retreat or sub-let to generate a passive income stream. A versatile studio attached to the single garage can also be used as an excellent home office. Evidently, it's the chance of a lifetime!
Property History for 8 Hutchinson St, Burwood East, VIC 3151
- 30 Apr 2016Sold for $895,000
- 04 Apr 2016Listed for Sale More Than $690,000
- 30 Jun 1975Sold for $2,000
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About Burwood East 3151
The size of Burwood East is approximately 4.3 square kilometres. It has 20 parks covering nearly 10.5% of total area. The population of Burwood East in 2011 was 10,141 people. By 2016 the population was 10,269 showing a population growth of 1.3% in the area during that time. The predominant age group in Burwood East is 20-29 years. Households in Burwood East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Burwood East work in a professional occupation. In 2011, 74.9% of the homes in Burwood East were owner-occupied compared with 71.2% in 2016.
Burwood East has 5,932 properties. Over the last 5 years, Houses in Burwood East have seen a 16.82% increase in median value, while Units have seen a 25.56% increase. As at 31 August 2024:
- The median value for Houses in Burwood East is $1,201,575 while the median value for Units is $880,032.
- Houses have a median rent of $610 while Units have a median rent of $628.
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