5/40 Barcelona Street, Box Hill VIC 3128
5/40 Barcelona Street, Box Hill VIC 3128
2-bedroom unit | generous two-car parking | established Box Hill street | 127 sqm land
This unit offers a configuration that stands apart in Box Hill’s apartment-heavy market. The dual car spaces are a genuine rarity in a suburb where most units trade with one or none, giving it a practical edge for households that rely on two vehicles or value secure parking as a lifestyle buffer. The 127 sqm land holding and 87 sqm floor area suggest a low-rise, owner-occupier-friendly format rather than a compact investor box, which tends to attract downsizers and small families seeking space without moving to a house. Being on Barcelona Street places it in an established residential pocket of Box Hill, where street-level amenity and a quieter setting are more typical than in the high-rise core. This property is best suited to a buyer who prioritises parking and ground-floor practicality over polished finishes or a modern build.
The building’s age and the unit’s floor level and aspect are not confirmed from available information, and each of these may influence how the property compares to newer stock nearby. A lower floor or less favourable orientation could narrow appeal among buyers who value natural light or privacy, while an older structure may carry higher ongoing maintenance expectations. The finishes and renovation standard are also unverified, so the actual condition could range from well-maintained original to needing updates — a factor that will directly affect how the property is priced relative to recently refreshed units. These unknowns create a reasonable range for value, and a buyer should weigh them carefully when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/40 Barcelona Street, Box Hill VIC 3128
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
127m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!