5 Moritz Street, Box Hill South VIC 3128

Renovated 746sqm block | Box Hill High zone | townhouse potential | elevated easement-free land The buying case rests on the combination of a fully renovated family house and a 746sqm easement-free block in a premium school zone. The 23% site coverage leaves substantial undeveloped land, making this property one of the few in the area that works immediately as a home while holding clear subdivision logic for two to three townhouses. The elevated position and absence of overlays remove typical approval risks. It suits a buyer who wants to occupy now and hold for medium-term redevelopment, or a family prioritising Roberts McCubbin and Box Hill High catchment without sacrificing a modern interior. The primary risk is that the $1.6 million midpoint already prices in some development upside, leaving limited margin if council imposes conditions on yield. The 2018 purchase at $1.105 million shows strong land appreciation, but future gains depend on zoning consistency. The opportunity is to negotiate below the auction guide range, given mixed listing signals, and treat the house as a land-holding with rental cover of $710 per week. Hold for zoning certainty or proceed with a townhouse feasibility study before committing.