Back 158 Elgar Road
Off Market

158 Elgar Road

Box Hill South VIC 3128

4
2
80 m²
181 m²
House
Last sold for $880,000
Harry SinghHarry Singh, last sold this property on 07 August 2025 after 134 days on market.

Overview

Rare Opportunity with Approved Plans – Occupy or Develop!

Welcome to our latest retail property listing. We are excited to present to you a unique opportunity to acquire a commercial space with incredible potential for development and growth. This property, located in a prime area, offers a blank canvas for the discerning investor or business owner to create their vision of a thriving retail environment. Location – Positioned in a high-traffic area with excellent visibility, this retail space offers tremendous exposure and marketing opportunities for any business. Tram 70 is on the doorstep, providing excellent public transport access. Size – Boasting a total land area of 180 square meters and a building area of 80 square meters, this property provides ample space to accommodate a variety of retail concepts. Zoning – With a Commercial 1 Zone classification, this property offers the flexibility to accommodate a broad range of businesses. Potential - Approved plans for a three-story complex make this property a rare investment opportunity. The plans include a retail shop on the ground floor, commercial space on the first level, and four bedroom residential apartment on the top floor. Plenty of parking is available in front of the property, ensuring easy access for customers and residents.The planned complex provides a unique opportunity for the astute investor or business owner to create a mixed-use development that can generate income from both commercial and residential spaces. The addition of four apartments will provide a steady rental income stream, while the retail shop can serve as the perfect anchor tenant to attract more foot traffic to the area. We invite you to explore the endless possibilities of this property and envision the potential that it holds. To schedule a private viewing or to request further information, please do not hesitate to contact us. Thank you for considering this unique opportunity, and we look forward to hearing from you soon. For more information or a copy of the plans please get in touch. Note: Can't attend the auction? No problem, you can still participate online. You can watch, or even bid at this auction online using Anywhere Auction website and app. Contact us for more information.

Features

4 bedrooms
2 bathrooms
80 m² floor area
181 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Box Hill South over the last 12 months, the estimated median property value of 158 Elgar Road is $1.67m.

Median value
$1.67m
Estimated value range
$880k - $2.64m
Median days on market
27
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Box Hill South. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 158 Elgar Road

2025
Sold
$880,000
07 Aug 2025 by Harry Singh, of OBrien Real Estate Blackburn

Happy sellers in Box Hill South

71%
71% of sellers in Box Hill South reported that their sale price either exceeded or met their price expectations.

Box Hill South stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 60 reviews in Box Hill South over the last 12 months.

Local market activity for 4 bedroom houses in Box Hill South

In the last 12 months, 32 four-bedroom houses similar to 158 Elgar Road, have been sold.

This represents a 22% increase in four-bedroom houses sales when compared to the previous 12 months.

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