Prime Investment or Development Opportunity in Blue-Chip Burwood

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32 Clanbrae Avenue, Burwood VIC 3125

Auction $1,050,000 - $1,150,000

Search Band Search Visibility Band

$1.05M - $1.16M Low Confidence Calculated based on limited search observations.

House 7 Beds 2 Baths 2 Cars 633 m² 162 m²

Listed: yesterday

Overview

Situated at 32 Clanbrae Avenue, this original single-level weatherboard house offers a compelling opportunity for investors or developers in Burwood's highly sought-after environment. With 7 bedrooms and 2 bathrooms, the space suits a range of uses, notably optimized for its current operation as a fully licensed rooming house delivering strong rental returns.

The layout benefits from a central living area marked by timber flooring, and an outdoor deck space enhancing living potential for residents. The property’s practical design maximizes income generation while maintaining essential functionality and comfort.

One of the property's significant attractors is its rare dual-access feature, with primary frontage onto Clanbrae Avenue complemented by a secondary entrance via McGowans Lane. This enables multiple access points which can be particularly advantageous for redevelopment opportunities, subject to council approval. The area's established character includes many successful development projects, reflecting the site’s premium potential.

Location-wise, this property commands a strategic position within the Mount Waverley Secondary School Zone, aligning with community priorities. Residents benefit from close proximity to Burwood Brickworks, Burwood Heights Shopping Centre, Burwood One shopping precinct, educational institutions such as Deakin University and Roberts McCubbin Primary School, as well as ample public transport options including buses and trams. Local parks further contribute to a comprehensive lifestyle offering.

With a building footprint of 162 square meters set on a land parcel of 633 square meters (approximately 0.15 acres), the property includes off-street parking for two vehicles, supporting convenience and accessibility. This combination of features makes the property appealing to investors seeking immediate yield or developers targeting long-term value uplift in a blue-chip locale.

Local Market Insights

In Burwood, Quiet Listings observed 14 new houses entering the market over the last 30 days, down from 18 during the previous 30-day period, with an average advertised asking price of $1,357,143. The property type mix of listed properties is predominantly Houses at 54%, followed by townhouses (12%), and apartments (12%). The most active agency for houses in the Burwood area is currently Ray White, representing 43% of new listings, followed by Buxton Real Estate Group with 21%. 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.