3/847 Burwood Road, Hawthorn East VIC 3123
3/847 Burwood Road, Hawthorn East VIC 3123
2-bed unit in a low-density complex | dual parking and courtyard | premium school zone | auction May 30
This unit occupies a rare position in a 13-property complex where three-quarters of owners live in situ, which typically signals tighter management and better common-area care than high-turnover buildings. The 94โ97 square metre internal footprint with a separate courtyard and two car spaces places it above most two-bedroom apartments in Hawthorn East, where the median sits at 67 square metres. For a buyer weighing long-term hold, the combination of a fully fenced outdoor area, ducted heating, and ensuited master reduces the need for near-term capital outlay. The property sits within walking distance to Auburn Primary and Canterbury Girls Secondary, which anchors demand from families who might otherwise target freestanding houses at a higher price point.
The principal risk is pricing tension. Domain and Property.com.au estimates fall between $789,000 and $850,000, while the agent guide starts at $900,000,a gap that suggests the vendor may be testing above recent comparable evidence, including a 97-square-metre unit that sold for $815,000 in September 2025. A buyer should enter the auction with a ceiling based on that precedent plus a premium for superior condition or aspect, but not chase beyond a 5โ7 per cent margin. The absence of heritage or flood overlays and the low 25 per cent rental ratio reduce regulatory and tenancy risk. Hold this property as a core residential holding in a Boroondara school catchment; it will trade on scarcity of form and location rather than yield.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 3/847 Burwood Road, Hawthorn East VIC 3123
Market Insight:
Hawthorn East is a premium inner-eastern suburb characterised by high-value housing and strong transport links. Demand is driven by high-income professionals and families, attracted by proximity to the CBD, employment hubs, and well-regarded schools. Recent price trends have shown some softening, with houses taking over a month to sell, indicating a more measured market. Future growth is underpinned by its established desirability, though high price points and sensitivity to economic conditions present ongoing affordability and liquidity constraints.