202 Burniston St, Scarborough is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1948. The property has a land size of 693m2 and floor size of 215m2. While the property is not currently for sale or for rent, it was last sold in July 2018.
A brilliant opportunity at 202 Burniston Street, this well positioned property on a sizeable 690sqm duplex block is a great development prospect in the booming Scarborough precinct, surrounded by extensive ongoing development.
With new high-density zoning laws bringing younger buyers to gentrify the area, over $100M spent on the new Scarborough Beach Master Plan, and the $450M Twin Towers just approved for commencement a couple of weeks ago, the future of Scarborough is looking lucrative, and this property is perfectly positioned. More bars, cafes and restaurants popping up, with great schools and lifestyle amenities like local sports and surf clubs, and plenty of grassy parks. Whether you re downsizing, a young couple, savvy investor or family seeking a friendly and convenient community, this area is for you.
With a sealed rear laneway you have options. You could retain and renovate the existing character home, subdividing the rear to build a new, extra private second home behind. Another option would be to start fresh and build two new properties, renting one while you live in the other, or selling one to be mortgage free in your brand new home. Or if you re sentimental, create an estate with a regal character home as the bones to get started.
The size of Scarborough is approximately 4.9 square kilometres. It has 17 parks covering nearly 14.9% of total area. The population of Scarborough in 2011 was 14,271 people. By 2016 the population was 15,460 showing a population growth of 8.3% in the area during that time. The predominant age group in Scarborough is 30-39 years. Households in Scarborough are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Scarborough work in a professional occupation. In 2011, 54.5% of the homes in Scarborough were owner-occupied compared with 56.4% in 2016.
Scarborough has 11,137 properties. Over the last 5 years, Houses in Scarborough have seen a 78.97% increase in median value, while Units have seen a 72.96% increase. As at 30 September 2024:
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