Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
366 Burwood Highway
Burwood, VIC 3125
$1,900,000
Overview
Rare Development Opportunity - 366 Burwood Highway, Burwood
This property offers a rare and exceptional opportunity with a substantial 969 square meter parcel of land situated within a Residential Growth Zone, providing a highly flexible development prospect in a prime location. The site has previously received approval for a five-storey student accommodation building, highlighting its potential for significant development.
The land is ideally suited for a variety of development options including a high-rise building, a multi-use development featuring ground floor retail shops with residential or student accommodation on the upper levels, or alternatively, a row of terrace townhouses similar to those in the surrounding neighborhood. This versatility makes it an attractive prospect for investors and developers looking for immediate construction opportunities.
Strategically located within the sought-after catchment area of Mount Waverley Secondary College, the property benefits from proximity to key amenities and transport options. It is just a short distance from Burwood Heights Shopping Centre and Burwood One, providing convenient access to retail and dining options. Public transport is readily accessible with city trams and buses running along Middleborough Road, facilitating easy travel to the city and surrounding areas.
Educational institutions nearby include Deakin University and Presbyterian Ladies' College (PLC), as well as local primary schools, making this location highly desirable for families and students alike. The combination of excellent educational facilities, shopping centers, and transport links enhances the appeal of this development site.
Overall, this property represents a truly outstanding opportunity in a thriving and well-connected location, offering significant development potential for a range of uses. Its size, zoning, and previous approvals provide a strong foundation for a successful project, making it a compelling choice for those seeking to invest in or develop within the Burwood area.
Location
Burwood VIC 3125
Market Insights for Burwood VIC 3125
Other properties in this postcode
$299,000- $328,000
g19a/399 Burwood Highway Highway, Burwood VIC 3125
Private Sale $3,300,000 to $3,500,000
1 Bronte Avenue, Burwood VIC 3125
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
