SOLD
Sold on 20 Oct 2023 for $472,000

506/1 Archibald Street
Box Hill VIC 3128

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 70m2
Sold By
Becky Wang
Scott Kim Real Estate
Scott Kim
Scott Kim Real Estate
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Property Details for 506/1 Archibald St, Box Hill

506/1 Archibald St, Box Hill is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 2 bedroom Unit sold in Box Hill in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
70m2
Local Government
Whitehorse
Lot/Plan
506/PS648432

Last Listing description (February 2024)

**PLEASE PROVIDE YOUR BEST CONTACT NUMBER FOR A PRIVATE INSPECTION. THERE ARE NO OPEN HOMES FOR THIS PROPERTY**

You will love this apartment! Discover the epitome of urban living in this stunning 2-bedroom, 2-bathroom apartment located right in the heart of vibrant Box Hill. This exceptional residence offers not just a home, but a lifestyle of convenience, comfort, and sophistication.
This apartment not only offers a comfortable living space but also serves as a lucrative investment opportunity. With a convenient location, modern features, and reliable rental income, it's a smart choice for investors looking to grow their portfolio. Box Hill's popularity ensures a steady demand for rental properties, making this apartment an ideal addition to your investment strategy.

Features include:
* 2 generous bedrooms (master with ensuite and built in robe)
* Second modern bathroom
* Kitchen with quality stainless steel appliances (gas cooktop, oven and dishwasher), ample storage
* Split heating/cooling system throughout
* Intercom and security swipe entry/lift
* 1 bottom stacker car park and also visitor parkings available
* Currently leased with a good rental income stream

Walk to tram and train stations for effortless travel to any part of the city. Immerse yourself in the bustling heart of Box Hill, where all amenities are at your doorstep. From shopping centers to entertainment venues, you're in the midst of it all.

Act Now! Don' t miss out on this chance to secure a prime investment property in central Box Hill.

Contact Becky Wang and Scott Kim on (03) 9808 0481 to secure this home today!

** Sale Method: Private Negotiation
** Settlement: 30/60/90 days Preferred
** Inspection: By Appointment Only

Property History for 506/1 Archibald St, Box Hill, VIC 3128

A timeline of how this property has performed in the market
Last Sold
$472,000
20 Oct 2023
Listed for Rent
$490/w
12 Feb 2019
  • 20 Oct 2023
    Sold for $472,000
  • 17 Aug 2023
    Listed for Sale UNDER CONTRACT - Becky Wang 9808 0481
  • 26 Oct 2018
    Listed for Rent - Price not available
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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 11,588 properties. Over the last 5 years, Houses in Box Hill have seen a 12.10% increase in median value, while Units have seen a -5.38% decrease. As at 30 September 2024:

  • The median value for Houses in Box Hill is $1,616,873 while the median value for Units is $477,416.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 158 properties listed for sale, and 26 properties listed for rent in Box hill on OnTheHouse. According to CoreLogic's data, 505 properties were sold in the past 12 months in 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.