Back 66/388-390 Burwood Highway
Off Market

66/388-390 Burwood Highway

Burwood VIC 3125

1
1
Apartment
Last sold for $123,200
Tom TangTom Tang, last sold this property on 24 August 2025 after 18 days on market.

Overview

13%+ Gross Yield Near Deakin University! High-Return Student Apartment

Attention investors: secure an exceptional one-bedroom student apartment in the heart of Burwood, just moments from Deakin University (Melbourne Burwood Campus). The location and student-focused amenities drive consistently quick leasing. The property delivers a gross rental yield above 13%, with scope to increase if the rent is adjusted. A lease is in place until early 2026 for income certainty. Features include a common laundry, communal study/meeting area, lift access, and the option of a car space at additional cost-boosting tenant appeal. Further benefits include bike storage, separate storage, and tax depreciation advantages against rental income. Owners Corporation fees are a modest $689.30 per quarter, keeping holding costs in check. Currently returning $16,164 per annum ($310 per week), this low-maintenance apartment is a smart portfolio addition. Its convenient location and strong rental fundamentals should support ongoing demand and a steady income stream.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Burwood over the last 12 months, the estimated median property value of 66/388-390 Burwood Highway is $282.5k.

Median value
$282.5k
Estimated value range
$123.2k - $370k
Median days on market
29
Estimated value trend
77%
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 66/388-390 Burwood Highway

2026
Rented
Undisclosed
Leased on 20 Apr 2026 by Haim Real Estate
2025
Sold
$123,200
Private Sale/Treaty on 24 Aug 2025 by Tom Tang, of Haim Real Estate
2025
Rented
Undisclosed
Leased on 17 Jan 2025 by Haim Real Estate

Happy sellers in Burwood

83%
83% 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 41 reviews in Burwood over the last 12 months.

Local market activity for 1 bedroom apartments in Burwood

In the last 12 months, 16 one-bedroom apartments similar to 66/388-390 Burwood Highway, have been sold.

This represents a 47% increase in one-bedroom apartments sales when compared to the previous 12 months.

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