Back 401/40 Burgundy Street
Off Market

401/40 Burgundy Street

Heidelberg VIC 3084

2
2
2
98 m²
Apartment
Last sold for $645,000
Abby LohAbby Loh, last sold this property on 25 September 2025 after 51 days on market.

Overview

Spacious 2 bed 2 bath plus study 2 carpark, level 4

- Spacious 2 bedrooms + separate study area, 2 bathrooms and 2 secure car parks - Located on Level 4 with north-facing aspect and great natural light - Generous internal area: 90sqm + balcony: 8sqm - Light-filled open-plan living & dining area - Sleek kitchen with stone benchtop & quality appliances - Private balcony perfect for relaxing or entertaining - European laundry and ample in-built storage - Secure building with intercom access and lift Sale subject to tenancy. - Currently leased at $670 per week ($2,911/month) - Lease expiry: 1 March 2026 (sale is subject to tenancy) Excellent high-yield investment in a sought-after location Outgoings:- - OC fee: $5,000 p.a. - Council fee: $1,098 p.a. - Water rates: $185 per quarter Austin Hospital and Mercy Hospital - 800m Warringal Shopping Centre - 95m Heidelberg Railway Station - 1.4km La Trobe University (Bundoora Campus) - 5km Ivanhoe Grammar School - 3.9km Our Lady of Mercy College - 500m Heidelberg Primary School - 350m Viewbank College - 3.5km [Note: The staging furniture showing in the property will not include in the sale.] đź“© Enquire now to register your interest or arrange a private inspection.

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 401/40 Burgundy Street is $640k.

Median value
$640k
Estimated value range
$360k - $1m
Median days on market
32
Estimated value trend
3%
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 401/40 Burgundy Street

2025
Sold
$645,000
25 Sep 2025 by Abby Loh, of Gibson Land Real Estate
2025
Rented
Undisclosed
Leased on 20 Feb 2025 by Gibson Land Real Estate
2021
Rented
Undisclosed
Leased on 12 Sep 2021 by Gemrock 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 10 reviews in Heidelberg over the last 12 months.

Local market activity for 2 bedroom apartments in Heidelberg

In the last 12 months, 52 two-bedroom apartments similar to 401/40 Burgundy Street, have been sold.

This represents a 20% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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