402 Burwood Hwy, Vermont South is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 654m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Vermont South in the last 12 months.
A chance to join the ranks of the new multi-unit development rising proudly on this high side of the highway. Embrace family living now, with future growth prospects in the RGZ1 (Residential Growth Zone) from this gateway position on the tram line.
• North facing frontage to enhance natural light across the existing 4-bedroom brick veneer or future unis/apartments (STCA)
• Cool retro kitchen with breakfast nook and wide bench, with great viewing across the outdoor living space
With glamorous new apartments at 408-410 and 10 new dwellings approved for 404-406 Burwood Hwy, there's planning precedence for multi-unit development along this prominent stretch of the service road which connects to Deakin University, PLC and the city via the tram, and to The Glen, Westfield Knox and Blackburn station by bus. And while you're considering options or seeking planning approval, you could rent out for more than $600 a week (approx.) in this well-serviced pocket close to all the daily essentials.
The size of Vermont South is approximately 6.2 square kilometres. It has 24 parks covering nearly 22.3% of total area. The population of Vermont South in 2011 was 11,416 people. By 2016 the population was 11,686 showing a population growth of 2.4% in the area during that time. The predominant age group in Vermont South is 60-69 years. Households in Vermont South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Vermont South work in a professional occupation. In 2011, 86.9% of the homes in Vermont South were owner-occupied compared with 83.9% in 2016.
Vermont South has 4,979 properties. Over the last 5 years, Houses in Vermont South have seen a 25.32% increase in median value, while Units have seen a 7.56% increase. As at 31 October 2024:
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