2013/545 Station Street, Box Hill VIC 3128

Not on market | 2-bed, 2-bath apartment | 70% owner-occupied building | Prime Box Hill location This unit presents a core-hold apartment in a high-occupancy building within Box Hill’s established precinct, best serving an owner-occupier seeking low-turnover stability or an investor prioritizing secure tenancy over short-term gains. Its dual-bedroom configuration with two bathrooms and a car space meets a persistent demand profile in this transit-rich suburb, reinforced by the building’s strong owner-occupier majority which typically correlates with better maintenance and fewer speculative sales pressures. The primary risk is demonstrable value attrition within the building, as seen in a recent comparable sale. This necessitates a purchase price materially below that precedent to create an immediate equity buffer. The opportunity lies in acquiring a stable, well-located unit during a period of internal price correction. Treat this as a long-term hold; its investment return will derive from sustained rental occupancy and eventual capital growth linked to land value in the area, not short-term appreciation. A recent sale of Unit 2413 in the same building for $650,000 in February 2026, down from its $685,000 purchase in 2021, signals a building-specific value softness. This five-year loss of $35,000 establishes a clear ceiling for your offer on Unit 2013, demanding a purchase price significantly under that $650,000 benchmark to justify the inherent risk of continued underperformance.