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223/484 Elgar Road

Box Hill VIC 3128

1
1
Apartment
Currently for sale - view listing

Overview

High-Yield Apartment Opposite Box Hill Institute- Over 7.5% net return

The apartment building is located directly opposite Box Hill Institute TAFE. It is within walking distance to Box Hill Central, as well as tram stops and the train station, offering excellent convenience for daily living and transport. The building was constructed in September 2010 and features secure entry. All apartments include: Private modern bathroom Kitchen with 4-burner gas cooktop Dishwasher Heating and air conditioning Private terrace or balcony The apartments are spacious, and the building provides an onsite communal laundry. Investment Information: Rent: approx. $1,390 per month Annual rental income: approx. $16,680 Annual outgoings: approx. $3,800 Net rental income: approx. $12,880 per year Asking price: approx. $168,000 Net rental yield: over 7.5% Stable student tenant demand, making it an ideal investment opportunity.

Features

1 bedroom
1 bathroom
Apartment

Property history for 223/484 Elgar Road

2020
Rented
Undisclosed
Leased on 17 Jul 2020 by Mandy Lee Real Estate
2018
Sold
$110,000
Private Sale/Treaty on 23 May 2018 by Joseph Zhou, of Mandy Lee Real Estate

Happy sellers in Box Hill

65%
65% of sellers in Box Hill reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 76 reviews in Box Hill over the last 12 months.

Local market activity for 1 bedroom apartments in Box Hill

In the last 12 months, 69 one-bedroom apartments similar to 223/484 Elgar Road, have been sold.

This represents a 39% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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