2/26 Tyne Street, Box Hill North VIC 3129
2/26 Tyne Street, Box Hill North VIC 3129
Unit near Box Hill Central | in an established family suburb | suits first-home buyers and downsizers | attached configuration | school catchment appeal
This unit sits in a quiet, well-located pocket of Box Hill North, close enough to the activity centre and transport to offer genuine convenience without being on a main road. The established streetscape is mixed, with older houses and newer infill townhouses, which gives this property a solid context for both owner-occupiers and investors. For a first-home buyer or downsizer, the appeal is straightforward: a low-maintenance unit in a suburb with strong school catchments, easy access to shops and rail, and a long-term residential feel. Being part of a small complex likely means minimal upkeep and a more predictable entry price than a detached house on the street.
The final value may depend on how the property sits within the block, its internal condition, and whether it offers dedicated parking or private outdoor space. A buyer might need to budget for some updating, and the absence of a large land component may limit capital growth compared with houses nearby. That said, the location and unit format may hold rental appeal, which could support resale interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/26 Tyne Street, Box Hill North VIC 3129
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Box Hill North, in Melbourne’s middle eastern suburbs, holds a median house price of roughly $1.35–1.4 million, with annual growth spanning 1.9–5.7% across sources. Units show tighter supply and stronger momentum, with medians from $725,000 to $938,000 and growth up to 15.8%, pointing to investor and renter demand for attached stock. Houses sell in 26–48 days, and annual sales volume of 128–154 properties confirms consistent turnover. Families and owner-occupiers dominate qualitatively, though exact splits are unquantified. Convenient location and infrastructure access underpin buyer appeal, while gross rental yields remain low for houses at about 2.5%, but firmer for units at 3.8–3.9%, reinforcing investor focus on units. Future growth rests on steady demand and limited land, but affordability is the key constraint: house prices near $1.4 million with modest yields may dampen further capital gains if rates or supply conditions shift.
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PropCred Estimated Value
Comparable Sales: 1/23 Tyne Street sold $745k; 2/22 Tyne Street sold $720k | Property Price Band: $700k–$800k | Value Drivers: condition, layout, parking
Bedrooms
3
Bathroom
2
Parking
2
Land
228m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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