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1-4/27 Barcelona Street
Box Hill, VIC 3128

$3,200,000-$3,500,000

Search Band

$3.2M - $3.36M Transparent Listing

Unit 8 beds 4 baths 5 cars 1555 m²

Listed Date: 22nd May 2026

Overview

1-4/27 Barcelona Street, Box Hill

This property offers a rare and valuable opportunity for both investors and developers. Situated on an expansive land parcel of approximately 1,555 square meters with a generous frontage of 30.48 meters, it presents significant potential for future development projects.

Currently, the site comprises four separate units, each featuring two bedrooms. These units are presently leased, providing a stable and solid rental income stream. The property's location is highly convenient, being within walking distance to Box Hill Central shopping precinct and the Box Hill train station, enhancing its appeal for redevelopment into townhouses or apartment complexes, subject to council approval.

Beyond its development potential, the property is located within the catchment areas of highly regarded schools, including Box Hill High School and Laburnum Primary School, making it attractive for families. The surrounding neighborhood offers abundant recreational options, with several reserves nearby such as Box Hill City Oval, supporting an active and outdoor lifestyle.

Accessibility is excellent, with easy access to the Eastern Freeway facilitating convenient travel to Melbourne’s central business district and other key locations. Local amenities are comprehensive, including proximity to Whitehorse Road, Epworth and Box Hill Hospitals, and the Box Hill Golf Club, ensuring residents have access to essential services and leisure facilities.

This multi-unit property combines strong current rental returns with excellent redevelopment prospects in a sought-after location, making it a compelling proposition for a range of buyers.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.