8/338 Burwood Highway, Burwood VIC 3125
8/338 Burwood Highway, Burwood VIC 3125
Multi-level townhouse | tram at the door | Deakin walking distance | school zone appeal | main road trade-off
This is a competitively rare property type in Burwood — a modern four-level townhouse with three bedrooms, two bathrooms, a powder room and internal-access double garage, all within a small 11-dwelling development. Its position directly on tram route 75 and within walking distance of Deakin University gives it unusually strong appeal for students, academics and professionals who want space and parking without relying on a car. The school zoning for Essex Heights Primary and Mount Waverley Secondary College also broadens its attraction to families, while the double garage and multi-level layout set it apart from typical apartment stock in the area. It is best suited to owner-occupiers who value transit access and a larger floorplan, though investors will note the rental demand signals from the university and transport corridor.
The main-road frontage on Burwood Highway is the most material factor to weigh — it brings convenience and exposure but also traffic noise that may affect liveability and future resale appeal for certain buyers. The property’s aspect and balcony orientation are not confirmed from available information, which could influence how the internal spaces feel and how much natural light they receive. The four-level configuration may also involve more stairs than some buyers prefer, and without confirmed build year or body corporate fees, ongoing costs remain an open question. These factors are not dealbreakers but they are worth investigating in person to form a clear view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/338 Burwood Highway, Burwood VIC 3125
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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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
3
Bathroom
2
Parking
2
Land
2219m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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