2/27-29 Andrews Street, Burwood VIC 3125
2/27-29 Andrews Street, Burwood VIC 3125
This is a two-bedroom, one-bathroom apartment with a single internal garage, located in a low-rise complex on Andrews Street in Burwood. The unit is part of a strata plan and the internal size is not confirmed but comparable units suggest a modest footprint. The building is likely from the late 1990s or early 2000s and the property is described as well-presented in a quiet pocket.
What is competitively strong here is the location itself. This apartment sits in a quiet and highly convenient pocket of Burwood, which is a suburb that offers a mix of older homes and low-rise developments. For a buyer looking for a low-maintenance option, this unit provides a secure entry point into a well-regarded area. The single garage is a practical advantage in a suburb where on-street parking can be competitive. This property is best suited for a first-home buyer or an investor seeking steady demand from tenants who value tranquility and proximity to shops and transport. Its smaller configuration compared to larger townhouses in the same complex means it is priced for a different buyer, one who prioritizes location over space.
Several factors might materially affect the value or sale price of this property. The unit has only one bathroom and one parking space, which could limit its appeal to families or those needing more flexibility. The building age, likely from the late 1990s or early 2000s, may mean that some finishes or systems are due for renewal, though this is not confirmed. The internal size is not clearly defined, and if it is smaller than typical two-bedroom apartments in the area, that could influence how buyers compare it to other options. The lack of a separate land title and the strata arrangement may also be a consideration for some purchasers. These factors should be weighed when forming a view on price, but they do not diminish the property’s fundamental strength as a well-positioned, low-maintenance unit.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/27-29 Andrews Street, Burwood VIC 3125
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Burwood presents as a young, family-oriented suburb with strong infrastructure links, where demand is driven by its established residential character. Recent market conditions show robust house price growth, though unit performance is more varied with some softening in quarterly figures and extended selling periods. Key future drivers include sustained high auction clearance rates, while risks centre on affordability pressures and a notable recent contraction in sales volumes, indicating potential supply and demand rebalancing.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
143m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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