307/154 Elgar Road, Box Hill South VIC 3128
307/154 Elgar Road, Box Hill South VIC 3128
Modern 2014 build | compact investor-grade unit | strong school zone | 1-bed configuration likely | Box Hill South apartment pocket
This unit sits within a 45-lot apartment building completed in 2014, placing it among the newer stock in Box Hill South’s higher-density corridor. The building’s mix of 1-bed and 2-bed layouts points to a consistent, investor-oriented product, with the smaller format offering a low-maintenance entry point into a well-connected middle-ring suburb. Proximity to Roberts McCubbin Primary School and Ashwood High School strengthens appeal for tenant demand, while 5G coverage and secure car space add practical convenience. The absence of bushfire, flood, or heritage overlays reduces hidden compliance concerns, and the 2014 build age means modern construction standards are already embedded. This unit best suits a first-home buyer seeking affordability or an investor prioritising rental yield over owner-occupier amenity.
Value may be influenced by the unit’s exact floor level and aspect, which can shift light quality and noise exposure within the building. The internal finish standard, though likely consistent with the building’s modern era, might vary between lots and could justify a premium or discount relative to neighbouring sales. The non-residential land-use record for the broader parcel may affect lending appetite for some buyers, and the compact layout could limit appeal for those seeking more space. Buyer demand in this pocket tends to track apartment-specific factors like presentation and strata condition, so the unit’s position within the building and its current condition will matter most when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 307/154 Elgar Road, Box Hill South VIC 3128
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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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: 303/154 Elgar Road sold $292k; 314/154 Elgar Road sold $402k | Property Price Band: $300k–$400k | Value Drivers: floor level, internal condition, layout size
Bedrooms
2
Bathroom
2
Parking
1
Land
1552m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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