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Back 59 Elgar Rd
Off Market

59 Elgar Rd

Burwood VIC 3125

4
2
2
605 m²
House
Last sold for $1,450,000
Hans LiuHans Liu, last sold this property on 10 November 2025 after 25 days on market.

Overview

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!

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
605 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Burwood over the last 12 months, the estimated median property value of 59 Elgar Rd is $1.55m.

Median value
$1.55m
Estimated value range
$1.03m - $2.37m
Median days on market
26
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Burwood. 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 59 Elgar Rd

2025
Rented
Undisclosed
Leased on 28 Dec 2025 by BigginScott Glen Waverley
2025
Sold
$1,450,000
10 Nov 2025 by Hans Liu, of Ray White Burwood VIC
2021
Rented
Undisclosed
Leased on 29 Jun 2021 by Fletchers Canterbury

Happy sellers in Burwood

84%
84% of sellers in Burwood reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 45 reviews in Burwood over the last 12 months.

Local market activity for 4 bedroom houses in Burwood

In the last 12 months, 49 four-bedroom houses similar to 59 Elgar Rd, have been sold.

This represents a 6% increase in four-bedroom houses 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 Burwood

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Neil Zheng

Sellers who recommend Neil Zheng have praised them for being local expert, clear communication, supportive, responsive, dedicated, hard-working and patient

  •   5   (110 reviews)
  •  9 Reviews in Burwood
  •  8 Sales in Burwood
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Steven Zervas

Sellers who recommend Steven Zervas have praised them for being clear communication, local expert, honest, supportive, reliable, friendly and hard-working

  •   4.9   (249 reviews)
  •  8 Reviews in Burwood
  •  6 Sales in Burwood
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Fio Gao

Sellers who recommend Fio Gao have praised them for being local expert, clear communication, supportive, responsive, detail-oriented, friendly and dedicated

  •   5   (114 reviews)
  •  6 Reviews in Burwood
  •  9 Sales in Burwood
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Yafei Dong

Yafei Dong is a recommended agent for Burwood.  They have 4 local sales and collected 4 local reviews across the last 12 months.

  •   5   (173 reviews)
  •  4 Reviews in Burwood
  •  4 Sales in Burwood
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