Back 301/40 Burgundy Street
Off Market

301/40 Burgundy Street

Heidelberg VIC 3084

2
2
2
98 m²
Apartment
Last sold for $640,000
Abby LohAbby Loh, last sold this property on 26 July 2026 after 355 days on market.

Overview

Modern 2-Bedroom Apartment with Study & Double Carpark in the Heart of Heidelberg — Leased Until January 2027

Perfect for investment and owner-occupy. Level 3, Unit 301, 2 bed 2 bath plus study 2 carpark, Int: 90sqm, Balcony: 8sqm, Total: 98sqm Perfectly positioned on Level 3 of a contemporary complex, this spacious and light-filled apartment offers a superb combination of comfort, convenience, and investment security — just steps from Heidelberg’s vibrant Burgundy Street precinct. Comprising two generous bedrooms (master with ensuite), a dedicated study, and two modern bathrooms, the home delivers 90sqm of stylish interior living plus an 8sqm private balcony. The open-plan layout features a well-appointed kitchen with quality appliances, stone benchtops, and ample storage, seamlessly connecting to the living and dining area. With two secure car parks and a long-term lease in place at $690 per week (expiring 15 January 2027), this property represents an ideal opportunity for investors seeking a low-maintenance, high-demand rental in one of Melbourne’s key medical and education hubs. Property highlights: - Two bedrooms, two bathrooms plus study area - Two secure car spaces - Internal: 90 sqm | Balcony: 8 sqm | Total: 98 sqm - Currently leased at $690/week (unfurnished) until 15 Jan 2027 - Modern kitchen with stainless-steel appliances and stone finishes - Open-plan living leading to a private balcony - 1 x Split-system heating and cooling - Secure building with lift access and intercom Outgoings (approximate): - Owners Corporation fees: $6,800 p.a. - Council rates: $1,098 p.a. - Water rates: $185 per quarter Unbeatable location: - Warringal Shopping Centre – 95 m - Austin & Mercy Hospitals – 800 m - Heidelberg Train Station – 1.4 km - La Trobe University (Bundoora) – 5 km - Ivanhoe Grammar School – 3.9 km - Our Lady of Mercy College – 500 m - Heidelberg Primary School – 350 m - Viewbank College – 3.5 km Please note: The staging furniture displayed in marketing photos is not included in the sale. Inspection: As the property is currently tenanted, private inspections can be arranged upon request after online review of the photos and floorplan.

Features

2 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
98 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Heidelberg over the last 12 months, the estimated median property value of 301/40 Burgundy Street is $640k.

Median value
$640k
Estimated value range
$360k - $840k
Median days on market
30
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Heidelberg. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 301/40 Burgundy Street

2026
Sold
$640,000
26 Jul 2026 by Abby Loh, of Gibson Land Real Estate
2026
Sold
$640,000
26 Jul 2026 by Abby Loh, of Gibson Land Real Estate
2026
Rented
Undisclosed
Leased on 13 Jan 2026 by Gibson Land Real Estate

Happy sellers in Heidelberg

92%
92% of sellers in Heidelberg reported that their sale price either exceeded or met their price expectations.

Heidelberg stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Heidelberg over the last 12 months.

Local market activity for 2 bedroom apartments in Heidelberg

In the last 12 months, 41 two-bedroom apartments similar to 301/40 Burgundy Street, have been sold.

This represents a 22% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Heidelberg

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent