James StreetBox Hill VIC 3128
Property Details for 1-6/23 James St, Box Hill
1-6/23 James St, Box Hill is a 10 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 828m2.
Last Listing description (May 2024)
If youre after a rock solid investment with potential for the future, its difficult to overlook this value-packed block of six strata titled villa units in the heart of blue ribbon Box Hill!
This incredible six-unit site (two one-bedroom units and four two-bedroom units all with titled car space) currently generates $104,280 (approx.) in annual rental income. And given that each unit is individually titled, you could also resell each unit individually for a profit immediately.
But thats not your only option
Presented in original condition, theres scope to renovate the neat and tidy interiors, which would allow you to rent them out (or sell them off individually) for a higher value after youve applied your contemporary touch.
Sited on a generous 828sqm (approx.) allotment inside the Box Hill High School zone, an opportunity also presents itself to extract maximum value from the block and redevelop (STCA).
Whatever your vision is for this rare opportunity, it will benefit enormously from its five-star location thats within short walking distance of Box Hill Central, Box Hill train station, trams, popular shops, cafes and eateries, Surrey Park Lake and Aqualink Box Hill.
Property History for 1-6/23 James St, Box Hill, VIC 3128
- 30 Apr 2024Listed for Sale $2.25m - $2.4m
Recent sales nearby
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About Box Hill 3128
The size of Box Hill is approximately 3.5 square kilometres. It has 18 parks covering nearly 14.2% of total area. The population of Box Hill in 2016 was 11395 people. By 2021 the population was 14353 showing a population growth of 26.0% in the area during that time. The predominant age group in Box Hill is 20-29 years. Households in Box Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Box Hill work in a professional occupation.In 2021, 37.40% of the homes in Box Hill were owner-occupied compared with 39.40% in 2016.
Box Hill has 12,458 properties. Over the last 5 years, Houses in Box Hill have seen a 7.81% increase in median value, while Units have seen a 7.01% increase. As at 31 December 2025:
- The median value for Houses in Box Hill is $1,676,890 while the median value for Units is $555,826.
- Houses have a median rent of $625 while Units have a median rent of $590.
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