202/710 Station Street Box Hill VIC 3128
202/710 Station Street Box Hill VIC 3128
Compact one-bedroom | Box Hill High zone | 42mยฒ with balcony | FTTP and 5G
This unit offers a rare combination of a Box Hill High School zoning and a genuinely compact footprint that suits an investor or a first-home buyer prioritising location over space. The 42mยฒ building size is small, but the balcony and single garage add practical amenity for a daily user. The FTTP and 5G coverage support remote work or student use, reinforcing the propertyโs appeal to the professional or postgraduate tenant pool that drives demand in this corridor. Its position within a larger complex means shared land cost is low, which supports the current price point relative to newer stock in the suburb.
The main risk is the small internal area, which limits appeal to couples or anyone needing home office separation, and may affect resale velocity in a slow market. The absence of heritage or flood overlays simplifies due diligence, but buyers should verify body corporate fees and any special levies, as these can erode yield on a unit of this size. The rental estimate of $545 per week suggests a gross yield near 8%, which is strong for Box Hill, but that figure depends on achieving top-of-range rent. Hold this property as a long-term rental in a growth corridor, or as a low-maintenance base for a single occupant who values school access and transport links over space.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
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.