14 Albion Road, Box Hill VIC 3128
14 Albion Road, Box Hill VIC 3128
A three-bedroom, two-bathroom single-level house on an 888-square-metre residential lot with two car spaces, offering a 198-square-metre internal area. The property retains original character and is positioned for renovation or rebuild, with no heritage overlay but with a flood overlay present.
This property is competitively rare for its substantial landholding in a suburb increasingly defined by apartment density. The absence of a heritage overlay provides genuine development flexibility, which is a strong signal for investors or builders seeking to maximise site potential. The single-level layout with original character also suits families wanting immediate comfort on a large, established lot. The property is best positioned for a buyer with a medium-term horizon who values land banking or multi-residential potential over a turnkey home.
The flood overlay on the lot may materially affect development costs or require specific engineering, which a buyer should weigh when forming a price view. The home’s original character may also require significant renovation investment, and its condition could limit immediate rental yield or resale appeal in its current state. While the large land size is a clear advantage, the property’s positioning on a street with mixed housing types may affect privacy or neighbourhood character compared to a strictly house-only enclave. These factors may influence how the property is valued relative to other opportunities in the suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Albion Road, Box Hill VIC 3128
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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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
3
Bathroom
2
Parking
2
Land
888m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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