1612/545 Station Street, Box Hill VIC 3128
1612/545 Station Street, Box Hill VIC 3128
A 2-bedroom, 2-bathroom apartment with an ensuite and one secure car space. It sits on the 9th floor or higher within the Sky One Tower complex and includes floorboards, reverse-cycle air conditioning, built-in robes, a balcony, and access to a gym, pool, and outdoor area. The property is located in the Box Hill high-density precinct and falls within the catchment for Laburnum Primary School and Box Hill High School.
This apartment offers a configuration that is slightly more premium than typical 2-bedroom units in Box Hill, with the extra bathroom and ensuite providing genuine appeal for couples or downsizers who value convenience and separation. Its position within a high-rise tower in the Box Hill Central precinct places it in an area with strong rental demand, supported by a gross rental yield of approximately 6.6 percent, which is notable for this suburb. The reliable NBN Fibre to the Premises and 5G coverage further enhance its suitability for professionals working from home. The property is best suited to buyers seeking a low-maintenance urban lifestyle with good school catchments and solid rental potential.
The historical sale price in 2016 was $797,000, while the current estimated value is $617,000, which may indicate a softening in this specific tower’s market or reflect changes in the property’s condition since completion. The building age is ambiguous—sold in 2016 but with references to a 2019 completion for other units in the same complex—so the buyer should verify whether the property was an off-plan purchase and when it was actually built. Lot size figures vary slightly between sources, but this refers to the entire complex footprint, not the individual unit. The high-density environment may limit future capital growth compared to lower-density suburbs, and the lack of private outdoor space is a constraint for some buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 1612/545 Station Street, Box Hill VIC 3128
Checks found:
Value Risk
Liquidity Risk
1
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
2
Parking
1
Land
2607m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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