$123,200

1 Bed • 1 Bath • 0 Car

Main view of Homely apartment listing, 66/388 Burwood Highway, Burwood VIC 3125

Floorplan of Homely apartment listing, 66/388 Burwood Highway, Burwood VIC 3125

Second view of Homely apartment listing, 66/388 Burwood Highway, Burwood VIC 3125

Sold

Third view of Homely apartment listing, 66/388 Burwood Highway, Burwood VIC 3125

Sold

66/388 Burwood Highway, Burwood VIC 3125

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$123,200

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1Bed
1Bath
0 Car

Apartment Sold on Mon 25 Aug, 2025

What's around Burwood Highway

Apartment description

“13%+ Gross Yield Near Deakin University! High-Return Student Apartment”

Attention investors: secure an exceptional one-bedroom student apartment in the heart of Burwood, just moments from Deakin University (Melbourne Burwood Campus). The location and student-focused amenities drive consistently quick leasing.

The property delivers a gross rental yield above 13%, with scope to increase if the rent is adjusted. A lease is in place until early 2026 for income certainty. Features include a common laundry, communal study/meeting area, lift access, and the option of a car space at additional cost-boosting tenant appeal.

Further benefits include bike storage, separate storage, and tax depreciation advantages against rental income. Owners Corporation fees are a modest $689.30 per quarter, keeping holding costs in check.

Currently returning $16,164 per annum ($310 per week), this low-maintenance apartment is a smart portfolio addition. Its convenient location and strong rental fundamentals should support ongoing demand and a steady income stream.