5/7-9 Archibald Street, Box Hill VIC 3128
5/7-9 Archibald Street, Box Hill VIC 3128
Large 130sqm ground-floor apartment | 3-bedroom configuration rare in Box Hill | Owner-occupied building with 65% residents | Courtyard and school catchment advantage
This property occupies a genuinely scarce position in Box Hill’s apartment market. A 130sqm three-bedroom unit with a private courtyard and ground-floor access is rarely available, and the building’s 65% owner-occupier ratio suggests better maintained common areas and more stable neighbours than investor-heavy towers. The configuration suits families wanting single-level living near Box Hill High School catchment, or downsizers who need space without stairs. The open-plan layout and two bathrooms add everyday practicality that smaller units lack.
The main risk is the price premium over two-bedroom comparables in the same building, which have sold in the mid-500s. This three-bedroom unit must justify its $150,000-plus gap through size, courtyard, and scarcity. Box Hill’s 117-day average days on market signals slower turnover, so resale may take patience. However, larger apartments hold value better in softer markets because they appeal to owner-occupiers rather than investors. The ground-floor position also avoids lift and stair issues that can deter older buyers. For an investor, the rental pool is narrower but more resilient-three-bedroom apartments attract families and professionals who stay longer. Hold this property as a long-term home or a low-turnover rental; it is not a quick flip but a configuration that will remain in demand as Box Hill densifies.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/7-9 Archibald Street, Box Hill VIC 3128
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✓
Box Hill VIC 3128
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.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
1260m²
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst