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Sold on 09 Dec 2024 for $130,000

27/5 Archibald Street
Box Hill VIC 3128

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 27/5 Archibald St, Box Hill

27/5 Archibald St, Box Hill is a 1 bedroom, 1 bathroom Studio. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 1 bedroom Studio sold in Box Hill in the last 12 months.

Building Type
Studio

Last Listing description (December 2024)

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 studio 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, built-in study desk, 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 leased for $17,207 per annum from 10/09/2024 to 09/09/2025. Apartment size: 32 sqm (approx.)

The outgoings for this apartment are as follows:
* Body Corporate Fees: $550 per quarter (approx.)
* Council Rates: $383.4 per annum(approx.)
* Water rates: $193 per quarter (approx.)

What this apartment has to offer:
- Stylist stone kitchen
- Secure entrance
- Public lounge
- Private Balcony
- Gas Cooktop
- Communal laundry
- Partly Furnished (Reverse cycle split system, Fridge, Microwave, TV, Study Desk)

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Property History for 27/5 Archibald St, Box Hill, VIC 3128

A timeline of how this property has performed in the market
Last Sold
$130,000
09 Dec 2024
Listed for Rent
$260/w
28 Apr 2017
  • 09 Dec 2024
    Sold for $130,000
  • 29 Oct 2024
    Listed for Sale $140,000- $145,000
  • 14 Dec 2022
    Sold for $120,000
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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 11,630 properties. Over the last 5 years, Houses in Box Hill have seen a 5.92% increase in median value, while Units have seen a -8.07% decrease. As at 30 November 2024:

  • The median value for Houses in Box Hill is $1,639,144 while the median value for Units is $496,308.
  • Houses have a median rent of $580 while Units have a median rent of $550.
There are currently 155 properties listed for sale, and 51 properties listed for rent in Box hill on OnTheHouse. According to CoreLogic's data, 481 properties were sold in the past 12 months in Box hill.

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