OFF MARKET

1462 Burwood Highway
Upwey VIC 3158

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 80m2
Land area: 1324m2
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Property Details for 1462 Burwood Hwy, Upwey

1462 Burwood Hwy, Upwey is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 1324m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
House
Year Built
1970
Floor Size
80m2
Land Size
1324m2
Local Government
Yarra Ranges
Lot/Plan
14/LP84657

Last Listing description (August 2023)

With neighbourhood residential zoning, this property is ideal either as your first home or to add to the investment portfolio and develop into units in the future (subject to council approval). The perfect property to set your property portfolio up! An ideal first home may be the best stepping stone to your property goals. Maybe live in, rent and then develop. You could do one or all!

It is superbly located within walking distance of the Upwey shopping strip, Upwey station and local schools.

Currently, the block is called home for a neat two-bedroom home, kitchen meals and an adjoining lounge area with a wood fire. The main bathroom, separate laundry, a double carport, off-street parking, and roadside parking are also available. The home is set off the road, and the surrounding gardens create privacy for you to enjoy your surroundings while still being so close to all you might need in the Upwey township! The back deck and fully fenced backyard will be a hit for entertaining or for the kids and pets to play freely.

If you are looking for an investment or development project, this property will easily rent out while you organise your plans and permits.

The possibilities are all here- so snap it up! Call Mick on 0429 684 522 or Jane Mortimer on 0457 620 542

Ranges First National COVID directives being followed*

https://www.consumer.vic.gov.au/duediligencechecklist

Please note: All property details listed were current at the time of publishing.

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Property History for 1462 Burwood Hwy, Upwey, VIC 3158

A timeline of how this property has performed in the market
Last Sold
$640,000
18 Jan 2023
Listed for Rent
$320/w
29 Dec 2012
  • 15 Mar 2023
    Listed for Sale $595,000 - $650,000
  • 18 Jan 2023
    Sold for $640,000
  • 26 Aug 2022
    Listed for Sale Not Disclosed
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About Upwey 3158

The size of Upwey is approximately 6.2 square kilometres. It has 12 parks covering nearly 14.8% of total area. The population of Upwey in 2011 was 6,963 people. By 2016 the population was 6,648 showing a population decline of 4.5% in the area during that time. The predominant age group in Upwey is 40-49 years. Households in Upwey are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upwey work in a professional occupation. In 2011, 87.2% of the homes in Upwey were owner-occupied compared with 88.1% in 2016.

Upwey has 2,792 properties. Over the last 5 years, Houses in Upwey have seen a 25.77% increase in median value, while Units have seen a 25.52% increase. As at 30 November 2024:

  • The median value for Houses in Upwey is $888,492 while the median value for Units is $618,054.
  • Houses have a median rent of $650 while Units have a median rent of $383.
There are currently 16 properties listed for sale, and 5 properties listed for rent in Upwey on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Upwey.

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