Hot Investment or Family Home Moments From the Uni and PLC

This outstanding property is a perfect investment or central family home with a spacious lounge room, open plan kitchen and dining area, and ample off-street parking, all set in a prime location just a short walk from Deakin University, PLC, and the future Burwood train station.

With increasing demand for student housing in this tightly held education precinct, the property also presents an exceptional opportunity for future student accommodation or redevelopment (STCA), making it highly attractive to investors seeking strong rental yields and long-term capital growth.

As you enter into the lounge area, you will be welcomed in with beautiful timber flooring, and an outlook to low-maintenance gardens offering a lovely place to gather with family and friends. Through to the open plan kitchen and dining space, the kitchen is light-filled and modern with an abundance of cabinetry, a gas cooktop, and stainless steel appliances.

When entertaining, you can step outside to the grassed backyard and have an alfresco lunch amongst established gardens. Parking isn't a problem as there is a single garage in the backyard plus a workshop, and plenty of room alongside the home for additional vehicles.

All four bedrooms are a generous size with built-in robes, and two bathrooms easily accommodate everyone. This property would be great as a share house for students or professionals as there is more than enough space, and the location in the education precinct is unbeatable.

A Rare Dual-Site Opportunity:
If you're interested in expanding your investment or development potential, the property at 61 Elgar Road is also available to purchase together. Combined, the two properties offer a substantial landholding of 1,217sqm (approx.), opening the door to a range of exciting future possibilities (STCA).

Positioned between Deakin University and the Presbyterian Ladies College, the home is only 550 metres from the future Burwood train station, while Melbourne's CBD is just over half an hour away. Whether you are searching for a home close to the University, or wanting to add to your investment portfolio in a hot location, this property will not disappoint!

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.