FOR SALE
Mortgage Auction $5,000,000 - $5,500,000

32-34 Tyne Street
Box Hill North VIC 3129

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2558m2
Auction Time
Sat 23 Nov 3:00 pm
Inspection Times
No upcoming inspections scheduled.
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Mortgage Sale - Prime Development Opportunity

A rare gem in the heart of Box Hill North, this expansive 2,558 sqm block at 32-34 Tyne Street offers boundless potential for visionary developers and investors alike. This prime piece of land, situated in a highly desirable and rapidly evolving suburb, presents an exceptional opportunity to create a multi-unit townhouse development, childcare center, or medical facility, all subject to council approval.
Key Features:
• Size & Potential: Boasting a generous land area of 2,558 sqm, this site offers ample space for substantial developments. With zoning that supports various possibilities, it's ideal for those looking to capitalize on Box Hill North's increasing demand for residential and community-based infrastructure.
• Location Perfection: Positioned moments from Box Hill Central, residents will have easy access to a variety of amenities, from bustling retail hubs to diverse restaurants and cafes. Box Hill North's growing reputation as a lifestyle and convenience hub makes it a highly attractive location for families, professionals, and retirees alike.
• Exceptional Convenience: With proximity to top-ranking schools, lush parklands, and public transport options, including the highly anticipated new railway loop, this location is unbeatable for accessibility and ease of commute. Future residents will benefit from seamless connectivity to the CBD and other major areas.
• Growth & Infrastructure: Box Hill is undergoing a remarkable transformation, with major redevelopment projects reshaping Box Hill Central into a dynamic urban center. The suburb's population growth, driven by an influx of residents seeking convenience and community, makes this area a solid investment choice with high potential for future returns.
Whether you're looking to create a standout residential community or a vital public resource, 32-34 Tyne Street offers the ideal canvas to bring your vision to life. Don't miss this rare chance to secure a substantial parcel in one of Melbourne's fastest-growing areas!
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Property Details for 32-34 Tyne St, Box Hill North

Building Type
Land
Land Size
2558m2

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About Box Hill North 3129

The size of Box Hill North is approximately 4 square kilometres. It has 14 parks covering nearly 9.4% of total area. The population of Box Hill North in 2011 was 10,971 people. By 2016 the population was 11,857 showing a population growth of 8.1% in the area during that time. The predominant age group in Box Hill North is 20-29 years. Households in Box Hill North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Box Hill North work in a professional occupation. In 2011, 69.5% of the homes in Box Hill North were owner-occupied compared with 65.1% in 2016.

Box Hill North has 6,265 properties. Over the last 5 years, Houses in Box Hill North have seen a 12.53% increase in median value, while Units have seen a 16.13% increase. As at 30 September 2024:

  • The median value for Houses in Box Hill North is $1,381,394 while the median value for Units is $932,481.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 27 properties listed for sale, and 7 properties listed for rent in Box hill north on OnTheHouse. According to CoreLogic's data, 223 properties were sold in the past 12 months in Box hill north.

Suburb Insights for Box Hill North 3129

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William Shen
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Dennis Shi
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Ray White Box Hill
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.