19 Graham Place, Box Hill VIC 3128
19 Graham Place, Box Hill VIC 3128
Large family block | quiet cul-de-sac | school catchment | redevelopment optionality
This property is competitively strong because it offers a rare combination of a substantial 1,202 m² lot in a tightly held cul-de-sac within walking distance of Box Hill High School and Laburnum Primary School. The wide frontage, long driveway, and deep rear garden provide immediate family amenity, while the house itself is described as perfectly liveable as is. This makes the property best suited to owner-occupier families who value school zones and space, or land-bankers and developers looking for future redevelopment potential in a central location.
The property’s value may be materially affected by the condition and age of the existing house, which is not comprehensively disclosed but implied to be older and in need of updating. The redevelopment potential, subject to council approval, could add significant upside for a buyer willing to renovate or rebuild, but this also introduces uncertainty around planning outcomes. The last known sale in 2021 at $2.6 million provides a benchmark, but market conditions have since shifted, so a buyer should weigh the current asking range against comparable sales of similar large lots in the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 19 Graham Place, Box Hill VIC 3128
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
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
4
Bathroom
2
Parking
3
Land
1202m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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