223/484 Elgar Road
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About this property
The apartment building is located directly opposite Box Hill Institute TAFE. It is within walking distance to Box Hill Central, as well as tram stops and the train station, offering excellent convenience for daily living and transport. The building was constructed in September 2010 and features secure entry. All apartments include: Private modern bathroom Kitchen with 4-burner gas cooktop Dishwasher Heating and air conditioning Private terrace or balcony The apartments are spacious, and the building provides an onsite communal laundry. Investment Information: Rent: approx. $1,390 per month Annual rental income: approx. $16,680 Annual outgoings: approx. $3,800 Net rental income: approx. $12,880 per year Asking price: approx. $168,000 Net rental yield: over 7.5% Stable student tenant demand, making it an ideal investment opportunity.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 3 weeks ago
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Neighbourhood
Living in Box Hill
This 1-bedroom apartment in Box Hill, VIC 3128 sits within reach of public transport, local shops and nearby schools. It is listed 73% below the $584,000 median of 78 comparable apartmentswithin 5 km.
Schools near Box Hill
- Kingswood Collegecombined · Prep-12 · CoEd
- St Francis Xavier's Schoolprimary · Prep-6 · CoEd
- Box Hill High Schoolsecondary · 7-12 · CoEd
- Our Lady of Sion Collegesecondary · 7-12 · Girls
- SEDA College (Victoria) - Cricket Australia - Box Hillsecondary
What's nearby
- Stop 58: Box Hill Central (tram) — 741 m away
- Boxhill Phone Station — 851 m away
- Kingsley Gardens — 340 m away
- Hagenauer Reserve — 456 m away
- Unnamed — 501 m away
Box Hill at a glance
Full suburb profile- Population
- 14,353
- Median age
- 33
- Household income
- $1,267/wk
- Median rent
- $381/wk
- Median mortgage
- $1,950/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Box Hill price trend
Median sold · Unit 1 bed
Compound growth -3.8% / yr over 4 yrs
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Price history
Listing price changes
2 price changes recorded for this property
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