SOLD
RECENT ADVICE
Sold on 23 May 2024 for $418,000

502/40 Burgundy Street
Heidelberg VIC 3084

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Sold By
Areal Property Point Cook
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Property Details for 502/40 Burgundy St, Heidelberg

502/40 Burgundy St, Heidelberg is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2009. The property has a floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Unit sold in Heidelberg in the last 12 months.

Building Type
Unit
Year Built
2009
Floor Size
68m2
Local Government
Banyule

Last Listing description (July 2024)

Step into urban sophistication with this ideally positioned one-bedroom apartment in the heart of the vibrant Burgundy Street. A perfect home or savvy investment, this gem offers an expansive layout and a separate study area that adds a touch of versatility to your living space.

Boasting a gourmet kitchen adorned with sleek Stone benchtops, gas cooking appliances, and a convenient dishwasher, this residence is a haven for culinary enthusiasts. The open plan living area is complemented by a split system A/C, ensuring comfort all year round, while the private balcony provides a breathtaking panorama of Warringal parklands and the surrounding leafy treetops.

The spacious bedroom, adorned with plush carpets and a built-in robe, creates a cozy retreat, and the stylish bathroom with integrated laundry facilities adds a touch of modern convenience. The apartment is graced with polished floors throughout, exuding a timeless elegance. With lift entry and one car basement parking space including a storage cage, this light-filled sanctuary is the epitome of seamless urban living.

Located within walking distance to Heidelberg train station, Austin Hospital, and the scenic Yarra parklands, this property offers not just a home but a lifestyle. Immerse yourself in the pulse of Burgundy Street, where cafes, shopping, and cultural experiences await just beyond your doorstep. Don't miss the chance to make this apartment your own, make an enquiry today.

Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property History for 502/40 Burgundy St, Heidelberg, VIC 3084

A timeline of how this property has performed in the market
Last Sold
$418,000
23 May 2024
Listed for Rent
$370/w
10 Aug 2022
  • 23 May 2024
    Sold for $418,000
  • 13 Dec 2023
    Listed for Sale $418,000
  • 11 Jul 2022
    Listed for Rent $370 / week

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About Heidelberg 3084

The size of Heidelberg is approximately 2.9 square kilometres. It has 13 parks covering nearly 20% of total area. The population of Heidelberg in 2011 was 5,712 people. By 2016 the population was 6,250 showing a population growth of 9.4% in the area during that time. The predominant age group in Heidelberg is 30-39 years. Households in Heidelberg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg work in a professional occupation. In 2011, 63.4% of the homes in Heidelberg were owner-occupied compared with 57.2% in 2016.

Heidelberg has 4,322 properties. Over the last 5 years, Houses in Heidelberg have seen a 31.71% increase in median value, while Units have seen a 14.76% increase. As at 31 August 2024:

  • The median value for Houses in Heidelberg is $1,451,960 while the median value for Units is $658,715.
  • Houses have a median rent of $600 while Units have a median rent of $530.
There are currently 8 properties listed for sale, and 6 properties listed for rent in Heidelberg on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Heidelberg.

Suburb Insights for Heidelberg 3084

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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.