597 Burwood HighwayVermont South VIC 3133
Property Details for 597 Burwood Hwy, Vermont South
597 Burwood Hwy, Vermont South is a 4 bedroom, 3 bathroom House with 6 parking spaces and was built in 1955. The property has a land size of 5392m2 and floor size of 409m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (November 2022)
What a rare gem this is, ready for development vision - a sprawling homestead on a grand 5,393Sqm (approx.) allotment in the celebrated Winery Estate. Vermont Secondary College catchment (STSA), a 15min walk to shops, restaurants and transport connection at Vermont South's vibrant activity hub are just some of the offerings.
With plans approved to add 3 new homes behind the existing residence - 4-bedroom single level designs with all services complete - there's huge promise here for multi-unit development (STCA) catering to the growing demand from home buyers and downsizers in this esteemed pocket.
'Glencor' is one of the original acre-plus parcels in this heartland estate between Terrara and Hanover Rd - named after the Corrs family which founded one of Melbourne's most respected law firms. The existing residence charms with all the character you'd expect of an historic property - elegant wraparound verandahs, lofty ceilings, and a big rambling floor plan with 4 living areas including a light-filled family room alongside a big modern kitchen. It's a grand, comfortable setting with 4 bedrooms and 3 bathrooms including a palatial master suite with a hot tub and sauna, suitable to live in or lease out while you consider plans to transform this flat 1.3 acre property.
With double storey elevation, prospective new builds have the potential for sweeping views of The Dandenong Ranges (STCA) - adding to the allure for developers wanting to capitalize on this private cul de sac on the fringe of Terrara Park and the $10 million redevelopment of Morack Golf Course. The possibilities are endless, and open to a visionary buyer ready to sow the seeds for future growth in the heart of the suburbs.
Property History for 597 Burwood Hwy, Vermont South, VIC 3133
- 25 May 2022Sold for $3,950,000
- 22 Feb 2022Listed for Sale $4,400,000 - $4,800,000 buyers should inspect
- 26 Jun 2003Sold
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0About Vermont South 3133
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:
- The median value for Houses in Vermont South is $1,461,961 while the median value for Units is $828,500.
- Houses have a median rent of $705 while Units have a median rent of $610.
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