2008/3 Young Street, Box Hill VIC 3128

Level 20 | East Central | 124sqm | never tenanted | Box Hill The property’s strongest buying case lies in its combination of size and newness—a 124sqm three-bedroom apartment on a high floor in Box Hill is genuinely rare. Most new stock in this precinct is smaller two-bedroom units, so this floor plan gives a buyer an immediate positional advantage for either owner-occupation or premium rental demand. The never-tenanted status means full depreciation schedules and no wear, which improves after-tax returns for an investor. It suits a buyer seeking a larger apartment with modern finishes, strong connectivity via opticomm fibre, and a location with established infrastructure. The principal risk is the building’s mixed sales history for smaller units, which suggests resale liquidity may be thinner for this price point. A buyer should price at the lower end of the estimated range to build in a margin against any future softening. The absence of bushfire, flood, or heritage overlays is a genuine low-risk signal, but the building’s density and the precinct’s 200-plus properties mean capital growth will track the suburb rather than outperform. Hold for rental yield and depreciation benefits, not short-term gain.