202B/57 Middleborough Road, Burwood VIC 3125
202B/57 Middleborough Road, Burwood VIC 3125
2-bedroom apartment with two bathrooms and one secure car space | Zoned for Mount Waverley Secondary College and Orchard Grove Primary School | Walkable to Deakin University and tram stops | Suited to first-home buyers or investors seeking a low-maintenance unit in Burwood.
This property offers a practical layout with open-plan living, a balcony, stone island bench kitchen, and stainless-steel appliances, which are genuinely useful for a buyer seeking modern convenience without renovation. Its zoning for Mount Waverley Secondary College and proximity to Orchard Grove Primary School add specific appeal for families, while walkable access to Deakin University and tram stops supports rental demand. In a suburb where two-bedroom units have a median price near $525,000 and an 88% auction clearance rate, this unit sits within a competitive market segment. It appears most suited to first-home buyers or investors targeting a low-maintenance apartment with strong school access and transport connectivity.
The main constraint is the unresolved price picture, as the guide range of $490,000 to $530,000 and differing estimate sources create ambiguity about fair value. Confidence cannot be placed in the guide without resolution of this discrepancy. One practical opportunity is the rental income potential of around $655 per week, which may support investor interest, but the feasibility of achieving this yield needs to be verified against local market evidence. The unresolved question is whether the guide reflects genuine market positioning or an adjustment to attract attention in a competitive environment.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 202B/57 Middleborough Road, Burwood VIC 3125
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.