G31/386 Burwood Hwy

Burwood VIC 3125

Studio

Currently for sale - view listing

Overview

HIGH-YIELD INVESTMENT | TENANTED AT $350/WEEK | LOW OUTGOINGS | BURWOOD

Phone enquiries - please call 1300 594 794 and quote property ID 41751. An excellent opportunity to secure an affordable, income-producing investment in a prime Burwood location, conveniently positioned near Deakin University. G31/386 Burwood Highway, Burwood VIC 3125 is a furnished one-bedroom student accommodation apartment, offering investors an attractive combination of established rental income, low ongoing outgoings and potential rental upside. PROPERTY FEATURES * One bedroom and one bathroom * Fully furnished student accommodation * Currently tenanted at $350 per week * Private terrace * Kitchen with gas cooking * Heating and air conditioning * Study desk and chair * Secure building access * Communal laundry facilities * Bicycle storage LOCATION ADVANTAGES * Conveniently located near Deakin University, Burwood Campus * Tram Route 75 along Burwood Highway * Close to local shops, cafes and everyday amenities * Convenient public transport connections INVESTMENT HIGHLIGHTS * Current rental income of $350 per week ($18,200 annually) * Comparable properties within the building renting for approximately $375 per week * Potential rental upside, subject to market conditions and tenancy arrangements * Owners Corporation fees: $2,549.60 annually * Council rates: $401.70 annually * Water rates: approximately $811.96 annually * Total documented annual outgoings: $3,763.26 INDICATIVE RENTAL RETURNS * Current gross rental yield: approximately 12.30%13.19% * Potential gross rental yield at $375/week: approximately 13.18%14.13% A fantastic opportunity for investors seeking an affordable entry into Melbourne's student accommodation market, with an existing tenant, attractive rental returns and potential for future income growth. Please note: Photos are for indicative purposes only. Inspections are strictly by appointment. Disclaimer: All information is believed to be accurate to the best of the seller's knowledge; prospective purchasers should conduct their own independent investigations and due diligence. DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.