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358-360 Burwood Highway, Burwood, Vic 3125 For Sale
358-360 Burwood Highway, Burwood, Vic 3125 358-360 Burwood Highway, Burwood, Vic 3125-Image 358-360 Burwood Highway, Burwood, Vic 3125-Image

358-360 Burwood Highway, Burwood, Vic 3125

Contact Agent | $4,300,000 - $4,600,000

House
Type
1
Bedrooms
1
Bathrooms
1
Parkings
1,635 m²
Area

Last updated on Friday, April 10, 2026 ( See property details for 358-360 Burwood Highway, Burwood, Vic 3125)

Contact Agent | $4,300,000 - $4,600,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare opportunity to acquire a permit-approved 95-bed student accommodation site in Burwood, with excellent connectivity and growth potential.

🏡 Property Highlights

  • Permit-approved for a 95-bed purpose-built student accommodation (PBSA) project.
  • Strategically located opposite Deakin University Burwood Campus, ensuring high demand.
  • Excellent connectivity with direct tram access to Melbourne CBD.
  • Close proximity to Burwood Brickworks Shopping Centre and prestigious schools.
  • Potential for permit renewal and reapplication, offering flexibility for future development.
  • High-yield investment opportunity in Melbourne’s sought-after eastern suburbs.

✨ Key Features

  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Outdoor Area
  • Balcony
  • Garage
  • Air Conditioning
  • Built-in Robes
  • Home Office / Study
  • Extra Storage (Shed/Linen)
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358-360
Burwood, VIC 3125
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358-360 — Vertical Aerial  •  Burwood, VIC 3125  •  Nearmap © 2026

Burwood is a highly sought-after Melbourne suburb renowned for its strong educational institutions, excellent transport links, and vibrant community. It offers a mix of established residential areas, shopping precincts, and parklands, making it ideal for student accommodation and long-term investment. The suburb benefits from proximity to major universities, prestigious schools, and a variety of lifestyle amenities, ensuring sustained demand. Its connectivity via tram and road networks provides easy access to Melbourne’s CBD and surrounding regions, supporting its reputation as a prime education hub.

What is the current status of the planning permit for the student accommodation?
The site previously received approval for a 95-bed student accommodation development, and the permit can be renewed or re-applied for with an updated timeline.
What are the key benefits of this property for investors?
This property offers a high-yield opportunity with a purpose-built design, excellent location near Deakin University, and potential for permit renewal, making it ideal for long-term income and capital growth.
How accessible is the property to Melbourne’s CBD?
The property benefits from excellent tram connectivity, providing direct access to Melbourne CBD, making it highly convenient for students and tenants.
Are there any restrictions or conditions related to the development permit?
The permit was previously granted, and the incoming purchaser can reapply to renew it, with the possibility of updating the development timeline as needed.
What amenities and facilities are nearby?
The property is close to Burwood Brickworks Shopping Centre, prestigious schools including Presbyterian Ladies’ College, parklands, cafés, and established residential amenities.
Are there any additional costs or fees associated with renewing or reapplying for the development permit? Is the site subject to any zoning restrictions or easements that could impact future development? What are the potential risks of nearby construction or planning activities affecting the property? Are there any known environmental or bushfire risks in the area? Is there any strata or body corporate management applicable to the site? What are the current market conditions and rental demand for student accommodation in Burwood? Are there any existing defects or issues with the property or site infrastructure? What are the planning and approval processes for reapplying for the permit? Are there any restrictions on the height or design of future developments? What is the history of the site regarding previous uses or approvals that could influence future development?

358-360 Burwood Highway, Burwood, Vic 3125 - More Details

Contact Agent | $4,300,000 - $4,600,000

This site previously received approval for a student accommodation development. If required, the permit can be renewed with an updated timeline.

Positioned in one of Melbourne’s most tightly held and highly sought-after eastern suburbs, 358 & 360 Burwood Highway presents a rare and compelling opportunity to secure a permit-approved student accommodation development in the heart of Burwood.

Approved for a purpose-built student accommodation (PBSA) project comprising 95 beds, this premium offering allows developers and investors to fast-track a high-demand asset class in a location underpinned by world-class education, consistent rental demand, and exceptional connectivity.

Key Investment Highlights
Strategically positioned along the highly visible Burwood Highway, the site benefits from immediate proximity to major lifestyle, education, and transport infrastructure, including:
• High-Yield Student Accommodation – 84 Units / 95 Beds (STCA)
• Planning permit previously approved for 95-bed student accommodation (If required, the incoming purchaser can reapply to renew the permit by updating the timeline)
• Purpose-built design tailored for strong rental yield and occupancy
• Car parking reduction granted, enhancing design efficiency and returns
• Directly opposite / moments to Deakin University Burwood Campus
• Close to Burwood Brickworks Shopping Centre
• Surrounded by prestigious schools including Presbyterian Ladies’ College
• Excellent tram connectivity providing direct access to Melbourne CBD
• Proximity to parklands, cafés, and established residential amenities

The Opportunity
Burwood continues to experience strong population growth and sustained demand from both domestic and international students, driven by its proximity to leading institutions such as Deakin University and elite schooling options.
With increasing pressure on high-quality student housing supply, this permit-approved 95-bed accommodation project represents a highly attractive opportunity to deliver a purpose-built asset in a proven education precinct — ideal for both long-term hold and income-generating investment strategies.

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Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
Type
House
Bedrooms
1
Bathrooms
1
Parkings
1
Area
1,635 m²

Price guide

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