162 Elgar RoadBox Hill South VIC 3128
Property Details for 162 Elgar Rd, Box Hill South
Last Listing description (May 2020)
Two Titles Sold As One
Fully Occupied Income: $67,530* pa net
Residential Apartment inc. with Rear Access
Future Development Potential (STCA)
Two Long Standing Tenants - 30+ Years Combined
Aston Commercial are pleased to bring to the market 160 162a Elgar Road, Box Hill South for Private sale.
We are offering two titles to be sold as one. The asset currently is fully let to two tenants as follows:
Wattle Park Cellars; Local family run business operating from the premise for over 25 years.
1-Bedroom Apartment; Well-presented apartment leased to a long-standing tenant with separate access from the rear lane.
Ideally presented on a 377 sqm* allotment of land with over 16 metres* of prime Elgar Road frontage this property provides opportunity to potentially develop in the future or significantly value add and increase the rental income.
Positioned in a tightly held blue-chip location, this local shopping village benefits from public transport including bus and tram on the door step and is also walking distance to Deakin University and popular Wattle Park.
With dual income streams this provides purchasers with flexibility to have as a long-term holding investment or provide for the opportunity to part owner occupy in the future.
Please get in touch to receive further information and/or attend one of the scheduled inspection times.
*approx.
Property History for 162 Elgar Rd, Box Hill South, VIC 3128
- 05 Dec 2024Sold for $750,000
- 04 Mar 2020Listed for Sale Contact Agent
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0About Box Hill South 3128
The size of Box Hill South is approximately 3.5 square kilometres. It has 12 parks covering nearly 15.8% of total area. The population of Box Hill South in 2016 was 8434 people. By 2021 the population was 8491 showing a population growth of 0.7% in the area during that time. The predominant age group in Box Hill South is 20-29 years. Households in Box Hill South are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Box Hill South work in a professional occupation.In 2021, 67.90% of the homes in Box Hill South were owner-occupied compared with 67.00% in 2016.
Box Hill South has 4,562 properties. Over the last 5 years, Houses in Box Hill South have seen a -2.14% decrease in median value, while Units have seen a 24.51% increase. As at 30 April 2026:
- The median value for Houses in Box Hill South is $1,535,595 while the median value for Units is $922,781.
- Houses have a median rent of $690 while Units have a median rent of $650.
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