1525 Burwood HighwayTecoma VIC 3160
Property Details for 1525 Burwood Hwy, Tecoma
Last Listing description (September 2024)
Ideal for a residential home build close to all amenity, or, for the Small Business Operator to build their dedicated consultancy suites, therapeutic space, office or food and drink premises, this accessible, flat, 994m (approx.) land in thriving Tecoma provides a rare opportunity to build to your specification in a high visibility location.
Perfect for a Downsizer build, most recently, the property had secured Planning Permission for a 9 bed, 2 story residence and can support B&B development, while historic approval for a Restaurant suggests there may be opportunity to investigate that use (STCA).
In any case, your investment in this property will be supported by easy access to all local amenity and the surrounding mix of professional and retail businesses so plan your private inspection today.
- Vacant Land- 994m approx.
- High visibility Location
- Close to all services
- 5 min Walk to Trains
Property History for 1525 Burwood Hwy, Tecoma, VIC 3160
- 22 Aug 2024Listed for Sale $750,000 - $825,000
- 24 Jun 2015Sold for $365,000
- 04 Feb 2015Listed for Sale $350,000 PLUS
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About Tecoma 3160
The size of Tecoma is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.4% of total area. The population of Tecoma in 2016 was 2082 people. By 2021 the population was 2064 showing a population decline of 0.9% in the area during that time. The predominant age group in Tecoma is 50-59 years. Households in Tecoma are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tecoma work in a professional occupation.In 2021, 81.90% of the homes in Tecoma were owner-occupied compared with 79.60% in 2016.
Tecoma has 1,006 properties. Over the last 5 years, Houses in Tecoma have seen a 22.76% increase in median value, while Units have seen a 28.12% increase. As at 28 February 2026:
- The median value for Houses in Tecoma is $958,712 while the median value for Units is $671,442.
- Houses have a median rent of $425 while Units have a median rent of $340.
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