14 Second AvenueBox Hill North VIC 3129
Property Details for 14 Second Ave, Box Hill North
Last Listing description (December 2023)
Auction this Saturday 18 November at 3.00pm
Unleash a lifetime of possibilities with this rare, generational opportunity. After more than forty years, seize the chance to own this flat, clear block of land with flexible commercial 1 zoning, in a classic 'Aussie local shopping centre' from the mid-century era.
Inviting a world of ventures, this is your chance to create, innovate and make your mark on a blank slate, all while reaping the rewards of a strategic investment. Situated on the desirable North side of Box Hill North's Second Avenue shopping strip, the 200 sq m approx. site boasts the enviable status of a perfect corner location. Containing not one, but two street frontages and rear laneway access, its strategic positioning offers both excellent visibility and accessibility.
The allure of the 'inner urban' lifestyle beckons. Picture above shop/office living, a unique blend of convenience and comfort. The block's dimensions allow you to curate a living space that seamlessly integrates with your business aspirations, giving rise to a lifestyle that merges work and leisure.
Invest wisely and reveal multiple income streams that promise substantial future upside capital appreciation.
Explore the lucrative realm of rentals and witness your investment grow over time. This property provides the foundation for your business to thrive.
A location that is close to the Eastern Freeway entry at Middleborough Road, and just minutes from the bustling hubs of Box Hill central and Doncaster, ensures that your future premises is always in the heart of the action.
* Flat, clear block of land with flexible commercial 1 zoning
* 200 sq m approx. corner site
* Positioned on the North side of Box Hill North's Second Avenue shopping strip
* 2 street frontages and rear laneway access
* Opportunity for above shop/office living
* Wise investment that promises substantial future upside capital appreciation
* Close to the Eastern Freeway entry at Middleborough Road
* Minutes from the bustling hubs of Box Hill central and Doncaster
Terms: 10% deposit, balance 45/60 days
Property History for 14 Second Ave, Box Hill North, VIC 3129
- 18 Nov 2023Sold for $516,000
- 29 Aug 2023Listed for Sale $455,000 - $500,000
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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 6,294 properties. Over the last 5 years, Houses in Box Hill North have seen a 15.40% increase in median value, while Units have seen a 13.77% increase. As at 31 August 2024:
- The median value for Houses in Box Hill North is $1,372,438 while the median value for Units is $900,927.
- Houses have a median rent of $650 while Units have a median rent of $593.
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