240 Burwood Hwy, Burwood VIC 3125

Together, the two freestanding brick residences provide an impressive total of 14 bedrooms and 4 bathrooms across two separate dwellings, making this a rare scale offering in a proven rental catchment.

240 Burwood Highway occupies the larger corner allotment of approximately 456sqm and features a substantial nine-bedroom residence with a wide 29.8m approx. frontage to Peacock Street, providing outstanding future design and redevelopment flexibility (STCA).

2A Peacock Street sits privately beside it on approximately 198sqm and comprises a five-bedroom residence with two bathrooms and comes complete with a garage, carport and wide driveway access.

For investors, the appeal is multi-layered:

• Strong existing holding income with proven occupancy history

• Significant rental demand driven by Deakin University directly opposite

• Potential to increase returns through renovation or extension (STCA)

• Future redevelopment scope within Residential Growth Zone 2 (STCA)

• Exceptional long-term land banking opportunity in a high-growth corridor

• Potential future purpose-built student accommodation or boutique multi-residential project (STCA)

The location credentials are extraordinary. Directly opposite Deakin University and only moments from the under-construction Burwood Train Station, the property is exceptionally connected by tram, bus and major arterial networks. Surrounded by elite private schools including PLC and Mount Scopus Memorial College, and within close reach of Burwood One, Burwood Brickworks, Box Hill Central, Aqualink and the Gardiner Creek Trail, this is a location with enduring tenant demand and powerful future growth fundamentals.

An exceptionally rare opportunity to secure a high-yield, blue-chip corner investment with immediate income, future scalability and significant development potential in one of Melbourne’s premier education and transport precincts.