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310/40 Burgundy Street, Heidelberg$502,500
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For Saleapartment

310/40 Burgundy Street

Heidelberg, VIC 3084, Australia
$480,000 – $525,000
1 bed 1 bath 2 car7 ha

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About this property

*** The sale is subject to tenancy. Currently leased at $550/week (unfurnished) until 29 June 2027.*** This is the one buyers have been waiting for. Positioned in the heart of Heidelberg's tightly held Burgundy Street precinct, this exceptionally spacious 1-bedroom + study apartment delivers the perfect blend of size, flexibility, and premium conveniencemaking it an outstanding opportunity for both owner-occupiers and investors. Boasting a generous 79sqm of internal living plus a 9sqm balcony, the apartment stands out with its expansive open-plan living and dining area, seamlessly connecting to a full-width balcony ideal for entertaining or unwinding. The large separate study zone offers true versatilityperfect as a home office, second living space, or potential guest area. The modern kitchen is well-equipped with ample bench space and storage, while the well-proportioned bedroom includes built-in robes for practical everyday living. A central bathroom with integrated laundry further enhances functionality. What truly elevates this property above the rest is the rare inclusion of TWO side-by-side secure car parks plus a storage cagea highly sought-after feature that adds significant value and long-term appeal. Set within walking distance to Burgundy Street's cafes, restaurants, supermarkets, Austin Hospital, Heidelberg Train Station, and parklands, this is a lifestyle location that continues to perform. Feature Highlights - Oversized 79sqm internal + 9sqm balcony - Flexible 1 bedroom + large study layout - Expansive open-plan living and dining - Full-width entertainer's balcony - Modern kitchen with ample storage and bench space - Spacious bedroom with built-in robes - Central bathroom with integrated laundry - 2 side-by-side secure car parks (rare offering) - Storage cage included - Secure building with lift access - Prime Heidelberg location near shops, hospital & transport Outgoings:- - OC fee/body corporate: $3,800 half yearly.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
2
Land Area
7 ha
Listed
2 months ago

Repayment calculator

$2,436/month
$1,218 /fortnight
Loan $402,000 at 6.10% over 30 years

Upfront costs

Deposit$100,500
Stamp duty$25,220
Conveyancing (est.)$2,000
Total upfront$127,720
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Heidelberg

This 1-bedroom apartment in Heidelberg, VIC 3084 sits within reach of public transport, local shops and nearby schools. It is listed 38% below the $805,000 median of 71 comparable apartmentswithin 5 km.

Schools near Heidelberg

  • Heidelberg Primary Schoolprimary · Prep-6 · CoEd
  • Austin Hospital Schoolsecondary
  • Our Lady of Mercy Collegesecondary · 7-12 · Girls

What's nearby

  • Warringal Shopping Centre/Cape Street (bus)184 m away
  • Palm Thai9 m away
  • Heidelberg Park412 m away
  • Unnamed471 m away
  • Unnamed554 m away

Heidelberg at a glance

Full suburb profile
Population
7,360
Median age
39
Household income
$2,012/wk
Median rent
$400/wk
Median mortgage
$2,150/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Heidelberg price trend

Median sold · Unit 1 bed

Compound growth -0.1% / yr over 4 yrs

$401kcurrent median

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Price history

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