Nestled in the sought-after location of Burwood, 21 Parer Street presents an exceptional opportunity for investors and homeowners alike. Boasting an impressive 704 sqm. approx. block, this property is primed to deliver remarkable returns. Its enviable position grants unparalleled proximity to esteemed institutions such as Deakin University and PLC, as well as the stunning Wattle Park and picturesque Gardiner's Reserve. With its blend of tranquility and convenient access to Burwood's finest offerings, this residence guarantees incredible rental returns and a desirable lifestyle. Upon first glance, it becomes evident that this fully renovated three-bedroom dwelling possesses immense potential for extension or rebuilding. Its independent access adds a layer of versatility to the property, allowing for further customization and expansion. Investing in 21 Parer Street means investing in one of the rapidly developing suburbs of the East. The presence of tram lines that provide direct access to the city, top-tier schools and universities offering outstanding education, and a vibrant cultural hub brimming with local and international cuisine all contribute to Burwood's promising future. The property's location is in close proximity to renowned educational institutions such as Presbyterian Ladies College, Wattle Park Primary School, St. Benedict's Primary School, and Wattle Hill Kindergarten. Additionally, Deakin University is within easy reach, solidifying Burwood as an educational hub. The relaxed ambiance of Burwood Village, featuring an array of delightful cafes and restaurants, adds to the appeal of the area. Nature enthusiasts will appreciate the nearby Gardiners Creek Reserve with its picturesque walking trail, while golf enthusiasts will find enjoyment in the nearby Wattle Park golf course. Local buses and the convenience of Burwood Highway trams ensure seamless connectivity to surrounding areas.