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Location

Market Insights for Burwood VIC 3125

New Listings (last 30 days)

Average price

$3,650,000

Lowest price

$2,600,000

Highest price

$4,700,000

129-133 Burwood Highway, Burwood VIC 3125

$4,700,000 - $5,000,000

Search Band

$4.7M - $4.94M Transparent Based on an openly advertised listing price.

Land 1827 m²

Listed: yesterday

Overview

This impressive 1,827 square meter vacant land parcel represents a substantial development opportunity in the heart of Burwood. Strategically positioned on the corner of Burwood Highway and Roslyn Street, it enjoys prominent frontages to both streets which enhance its appeal for future development.

The property comes with fully endorsed plans for a five-level residential apartment complex consisting of 43 units, designed to cater to a diverse range of residents with a mix of one, two, and three-bedroom configurations. The provision of 65 parking spaces across two basement levels and the lower ground floor ensures adequate accommodation for both residents and visitors.

Current access is facilitated by two crossovers from Burwood Highway and one from Roslyn Street, providing functional vehicular entry points.

Location advantages include immediate access to public transport with a city tram stop at the doorstep and nearby bus services, making it highly convenient for commuting. The close proximity to educational institutions such as the prestigious Presbyterian Ladies College, Deakin University, and several other primary and secondary schools adds to the site's attractiveness for families and investors focused on long-term value.

Additionally, the nearby Burwood Village Shopping Centre, the Brickworks Shopping Centre, and Burwood One provide a variety of retail and lifestyle amenities to future residents, creating a liveable and connected community setting.

Local Market Insights

In Burwood, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $3,650,000. The property type mix of listed properties is predominantly Houses at 58%, followed by units (13%), and land (8%). The most active agency for land in the Burwood area is currently Fletcher's Real Estate Wollongong, representing 50% of new listings, followed by McGrath Estate Agents with 50%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.