40 Finch Street, Burwood VIC 3125

Original cream brick on 662sqm | 3-bedroom with timber floors and terrace | last sold 1983 | in a 75% owner-occupied street The property’s competitive strength lies in its original condition and generous block in a tightly held street where 75% of residents are owners. For a buyer willing to renovate, the timber floors, light-filled living opening to a terrace, and three robed bedrooms offer a solid base to add value without full rebuild costs. It serves best a family or investor seeking long-term capital growth in a suburb with strong school catchment demand and a 77% auction clearance rate for three-bedroom houses. The primary risk is the property’s unchanged state since 1983, meaning likely outdated wiring, plumbing, and possibly asbestos in the original cream brick structure. This will cost the buyer a thorough pre-purchase inspection and a renovation budget that should account for structural unknowns. However, the block size and position near Essex Heights Primary and Mount Waverley Secondary College provide a clear commercial logic: a well-executed renovation could lift the property well above the local median. Hold it as a long-term family home or renovate and sell into the strong owner-occupier market.