240 Burwood Highway & 2A Peacock Street, Burwood are being offered together across two separate titles, delivering an exceptionally rare investment opportunity in one of Melbourne’s most tightly held and consistently high-performing education precincts. Positioned directly opposite Deakin University on a combined 654sqm approx. corner landholding within Residential Growth Zone 2, this income-producing asset combines strong immediate cash flow, near-zero vacancy risk and substantial long-term development potential. Currently operating as approved and accredited rooming houses, the properties benefit from consistently high occupancy throughout the year, underpinned by relentless student and accommodation demand from Deakin University and surrounding educational institutions. The existing medium-term rental agreements average approximately $800 per room per month (approximately $134,000 per annum in total), creating a highly attractive income stream with further upside available through rental optimisation, refurbishment or reconfiguration. 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).