403/1 Wellington Road, Box Hill VIC 3128

Prime location in Box Hill medical precinct | North-facing balcony with full sun | Strong rental yield near 7.4% | Shared facilities add convenience | Below-average energy score. This property offers a rare combination of a prime Box Hill address and a north-facing balcony that ensures natural light year-round, a feature often missing in compact apartments. The 69m² internal layout is spacious enough for a study nook, and the shared laundry, lounge, and BBQ area reduce personal maintenance. It serves best as a low-entry investment for a buyer seeking immediate rental income from the strong local demand driven by the medical precinct, TAFE, and transport links. The configuration edge is the balcony and size, which support both owner-occupier comfort and tenant appeal. The below-average energy rating of 3.1 is a tangible cost risk, potentially increasing utility bills and limiting appeal to eco-conscious tenants or future buyers. The wide price guide range signals possible negotiation room, but the 2017 last sale and -50.8% median growth in Box Hill one-bedroom units suggest soft capital appreciation. The opportunity lies in the 7.4% rental yield, which can offset holding costs. Use this property as a cash-flow-positive hold in a growth corridor, not a short-term flip.