3/49 Wellman Street, Box Hill South VIC 3128
3/49 Wellman Street, Box Hill South VIC 3128
4-bed family townhouse | top school zone | 2-car | 170m² land | strong rent growth
This townhouse is positioned as a compact yet functional family dwelling within a well-regarded school catchment. A four-bedroom layout is offered, which is less commonly found in suburban townhouse stock, and a clear advantage is provided to owner-occupiers seeking space without the maintenance of a detached house. The 170-square-metre land component is modest, but the property’s utility is reinforced by two car spaces and a rental history that reflects consistent demand. It is best suited to family buyers prioritising school access and low-maintenance living.
Value may be influenced by the compact land size relative to larger allotments, potentially capping land-bank appreciation. Rental yield estimates remain modest, which might temper investor interest, but the school zone and property condition could support price stability. Planning risk is minimised by the absence of overlay constraints, while any future infrastructure shifts in the area might alter desirability.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/49 Wellman Street, Box Hill South VIC 3128
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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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: 1/49 Wellman Street sold for $1,680,000 | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, school zone, layout
Bedrooms
4
Bathroom
2
Parking
2
Land
170m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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