Back 303/40 Burgundy Street
Off Market

303/40 Burgundy Street

Heidelberg VIC 3084

1
1
1
Apartment
Last sold for $408,000
Nick SmithNick Smith, last sold this property on 27 March 2026 after 22 days on market.

Overview

Expressions of Interest Closing Saturday 28 March at 4pm Unless Sold Prior

At a purchase price of $418,000 and an estimated rental return of $450 per week, the property offers an approximate gross yield of 5.6% per annum, excluding outgoings Oversized one-bedroom living in Heidelberg's premier precinct Positioned in the heart of the vibrant Burgundy Street precinct, this impressively proportioned one-bedroom apartment stands out for its generous scale. Designed with comfort and functionality in mind, the expansive open-plan living and dining domain is bathed in natural light and flows effortlessly to a private balcony with peaceful outlooks towards the Heidelberg parklands the perfect setting for relaxed mornings or quiet evenings. The sleek, contemporary kitchen is appointed with quality appliances, streamlined cabinetry and ample bench space, delivering everyday practicality with modern style. The oversized bedroom features a built-in robe and excellent proportions rarely found in one-bedroom apartments, complemented by a sophisticated bathroom with quality finishes. Dedicated study nook, secure basement car parking, a storage cage and secure intercom entry enhance the ease and security of this low-maintenance lifestyle opportunity. Ideal for first-home buyers, professionals or astute investors seeking strong rental appeal, the location is unmatched. Enjoy immediate access to Burgundy Street's renowned cafés, restaurants, boutiques and grocers, with Austin Hospital and the major medical precinct just moments away. Heidelberg Train Station, parklands, walking trails and leading schools are all within easy reach, ensuring outstanding lifestyle convenience only 10km (approx.) from the CBD.

Features

1 bedroom
1 bathroom
1 carspace
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Heidelberg over the last 12 months, the estimated median property value of 303/40 Burgundy Street is $409k.

Median value
$409k
Estimated value range
$310k - $475k
Median days on market
23
Estimated value trend
8%
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 303/40 Burgundy Street

2026
Sold
$408,000
Private Sale/Treaty on 27 Mar 2026 by Nick Smith, of Nelson Alexander Preston
2023
Rented
Undisclosed
Leased on 27 Oct 2023
2022
Rented
Undisclosed
Leased on 21 Jan 2022 by Barry Plant Bundoora

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 10 reviews in Heidelberg over the last 12 months.

Local market activity for 1 bedroom apartments in Heidelberg

In the last 12 months, 21 one-bedroom apartments similar to 303/40 Burgundy Street, have been sold.

This represents a 18% increase in one-bedroom apartments sales when compared to the previous 12 months.

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