FOR SALE
$140,000- $150,000

41/5 Archibald Street
Box Hill VIC 3128

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Blue Chip Investment - Fully Renovated Apartment Close to Box Hill Centre

If you are seeking a strong cash-flow performer to add to your investment crown, look no further than this one-bedroom apartment. Built in 2009 and nestled within vibrant Box Hill, this 1 bedroom apartment is a perfect entry into property investment or owner-occupier. The contemporary complex features secure entry and intercom, plus a communal laundry and lounge area.
Comprises an open-plan living/dining zone open onto a private balcony. Features bedroom with ensuite, reverse cycle split system, adjacent to the kitchen. A spacious modern bathroom boasts a stone-topped vanity, whilst the kitchen features a stainless steel gas cooktop, complete with a bar fridge and microwave oven.
The nearby convenience is outstanding: walking distance to Box Hill TAFE, Gardens, hospital, trams, buses and train station, plus Box Hill Central. With the increasing number of students seeking accommodation in a position like this, this apartment could be an ideal investment.
The property is currently vacant for sale and if leased out the rental income will be approx. $350 per week or $18,250 per annum. The Apartment size is approx. 26 sqm.
The outgoings for this apartment are as follows:
* Body Corporate Fees: $550 per quarter (approx.)
* Council Rates: $371 per annum(approx.)
* Water rates: $193 per quarter (approx.)
What this apartment has to offer:
- Stylist stone kitchen
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Property Details for 41/5 Archibald St, Box Hill

41/5 Archibald St, Box Hill is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Mega City Real Estate.

Building Type
Apartment

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About Box Hill 3128

The size of Box Hill is approximately 3.5 square kilometres. It has 18 parks covering nearly 14.2% of total area. The population of Box Hill in 2011 was 9,671 people. By 2016 the population was 11,416 showing a population growth of 18.0% in the area during that time. The predominant age group in Box Hill is 20-29 years. Households in Box Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Box Hill work in a professional occupation. In 2011, 46.5% of the homes in Box Hill were owner-occupied compared with 39.4% in 2016.

Box Hill has 11,484 properties. Over the last 5 years, Houses in Box Hill have seen a 5.92% increase in median value, while Units have seen a -4.45% decrease. As at 31 October 2024:

  • The median value for Houses in Box Hill is $1,599,974 while the median value for Units is $502,414.
  • Houses have a median rent of $590 while Units have a median rent of $550.
There are currently 162 properties listed for sale, and 41 properties listed for rent in Box hill on OnTheHouse. According to CoreLogic's data, 479 properties were sold in the past 12 months in Box hill.

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Rick Lin
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