1/49 Monash Street, Box Hill South VIC 3128
1/49 Monash Street, Box Hill South VIC 3128
Large-format townhouse on 682m² | Box Hill High School zone | 3-bed family layout with 2-car parking | Established leafy street with owner-occupied character.
This townhouse stands out for its uncommon land size, which is more typical of detached housing in the area. That generous parcel, combined with a three-bedroom, two-bathroom configuration and double parking, gives it a practical family footprint rarely found in townhouse stock. The school catchment, particularly the Box Hill High School zone, is a genuine draw for buyers prioritising education, and the estimated rent of $805 per week suggests strong tenant demand should you ever choose to lease it. The property suits a family or an investor looking for a low-maintenance home that still offers meaningful outdoor space.
The absence of flood, bushfire, or heritage overlays simplifies due diligence, and the 2003 build year means the structure is modern enough to avoid major legacy issues. Condition and internal finishes, however, may materially affect how this townhouse compares to nearby detached homes on similar land. The price band will likely hinge on how the interior presents against expectations for a property of this size, so a careful inspection of kitchen, bathrooms, and flooring is worthwhile before forming a firm view.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/49 Monash Street, Box Hill South VIC 3128
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Box Hill South is a well-established eastern suburb with a median house price of $1.5 million, reflecting its premium positioning. The 4.9% annual house price growth (Barry Plant, 2025) signals steady market conditions, though alternate sources suggest a softer picture. Units remain more affordable at $903,000 with 0.9% growth, and their stronger 4.0% gross rental yield versus 2.6% for houses points to investor interest. Houses rent for a median $700 weekly and units $610, with four-bedroom houses commanding $850. Buyer demand is evident from roughly 110–136 house sales over the past year, while the average 37–57 days on market suggests a balanced market. Future growth is supported by the suburb’s high-value housing stock and tight rental conditions, but affordability constraints and interest rate sensitivity remain key risks.
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PropCred Estimated Value
Comparable Sales: 1/50 Monash Street sold at $1.37M; 63 Monash Street sold at $1.55M | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, school zone, internal condition
Bedrooms
3
Bathroom
2
Parking
2
Land
682m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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