3 Station Walk, Box Hill VIC 3128
3 Station Walk, Box Hill VIC 3128
This is a 2-bedroom, 1-bathroom townhouse on a 290 m² lot with one parking space. It is classified as a townhouse, not a detached house, and is situated in Box Hill, VIC 3128. The building is likely from the mid-2000s, consistent with nearby developments. This property is positioned as entry-level or mid-tier stock within the suburb, offering a smaller, more affordable alternative to larger, newer townhouses in the area.
This townhouse is competitively strong for its configuration, offering a rare combination of a private 290 m² lot with two bedrooms at a price point well below the premium, four-bedroom townhouses now dominating the immediate area. It serves best as an entry-level purchase for small families, first-home buyers, or investors seeking a low-maintenance property with land. Its smaller size and older build provide a genuine affordability advantage in a suburb where new stock is trending significantly larger and more expensive, making it a practical option for those prioritizing location and land over modern finishes.
The property’s value may be affected by its likely age, as a mid-2000s build could involve higher maintenance costs or less efficient systems compared to newer stock. Its smaller configuration of two bedrooms and one bathroom may limit appeal to families, potentially narrowing the buyer pool and influencing resale velocity. The absence of detailed interior specifications means the condition of finishes and fixtures could materially impact the final price, and buyers should weigh the potential for renovation costs against the benefit of a lower entry price.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Station Walk, Box Hill VIC 3128
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Box Hill is a high-density, professionally-oriented suburb with a youthful demographic, where apartment living dominates the housing stock. Demand is driven by a significant rental population and professionals, supported by strong unit rental yields. The market is currently divergent, with house prices showing resilience amid softer conditions, while the unit segment has experienced notable price corrections, indicating potential oversupply. Future growth hinges on the suburb’s appeal to its core demographic, though affordability for houses remains a constraint and the apartment market’s sensitivity to supply presents a key risk.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
290m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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