223/484 Elgar Road

Box Hill VIC 3128

55 m²

597 m²

Apartment

Currently for sale - view listing

Overview

Affordable Investment Opportunity in the Heart of Box Hill

Positioned directly opposite Box Hill Institute, this well-presented one-bedroom apartment offers investors an affordable entry into Box Hill's student accommodation market. Ideally located within walking distance of Box Hill Central, Box Hill Train Station, trams, buses, restaurants and cafés, the apartment provides excellent convenience for young people and strong rental appeal. Property Features * 1 spacious bedroom with 1 modern bathroom * Functional open-plan living and dining area * Contemporary kitchen with gas cooktop and dishwasher * Heating and air conditioning * Private balcony * Secure building entry * On-site communal laundry facilities * Built circa 2010 * Directly opposite Box Hill Institute * Moments from Box Hill Central, public transport and local amenities Why You'll Love It * Prime investment opportunity in the heart of Box Hill * Located within a thriving educational precinct * Strong and consistent rental demand from students and professionals * Low-maintenance apartment with excellent investment appeal * Outstanding access to trains, trams and bus services * Walking distance to shopping, dining and everyday conveniences * Affordable entry-level investment in Melbourne's eastern suburbs * Ideal for investors, SMSF buyers or first-time property investors * Low annual holding costs with attractive long-term rental potential Investment Information * Approx. Annual Outgoings * Water Rates: approx. $776 * Council Rates: approx. $385 * Owners Corporation: approx. $2,858 With its unbeatable location opposite Box Hill Institute, excellent transport connectivity and consistently strong tenant demand, this apartment represents a smart, low-maintenance investment with excellent long-term potential. Whether you're looking to expand your investment portfolio or secure an affordable entry into Melbourne's property market, this is an opportunity not to be missed.