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109/154 Elgar Road, Box Hill South VIC 3128

$270,000 - $297,000

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$270k - $284k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath 1 Car

Listed: 8 days ago

Overview

This well-maintained one-bedroom apartment offers an appealing investment or rental opportunity in a convenient location opposite the green expanse of Wattle Park. With a rental income of $370 per week, this property presents a strong gross rental yield of approximately 6.87%, calculated on an indicative market price of about $280,000.

The apartment is equipped with desirable features that cater to tenants’ needs, including climate control via a split system in the lounge, and modern European-style appliances complemented by a dishwasher. The inclusion of a balcony enhances the livability by providing an outdoor space for fresh air and relaxation.

The bathroom offers efficient use of space with a freestanding shower, vanity, and toilet, meeting the essential needs of comfort and convenience. Additional practical benefits include a secure underground car parking spot along with a storage unit, both integrated into a secured basement setting. These secure amenities add a significant advantage often appreciated by residents.

Strategically positioned near the intersection of Elgar Road and Riversdale Road, the location benefits from direct adjacency to Wattle Park, offering extensive outdoor and recreational opportunities. It’s easily accessible to Deakin University and public transport options such as the Riversdale tram line, which affords straightforward travel to key destinations including Camberwell Junction. The Melbourne CBD is just a 19-minute journey, making the apartment suitable for professionals, students, or anyone valuing both tranquility and connectivity.

Air conditioning and heating ensure year-round comfort.
Close proximity to transport, shops, and schools enhances lifestyle convenience.
Intercom and security system provide safety and peace of mind.

Local Market Insights

In Box Hill South, Quiet Listings observed 10 new apartments entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $571,500. The property type mix of listed properties is predominantly Apartments at 37%, followed by houses (33%), and townhouses (19%). The most active agency for apartments in the Box Hill South area is currently Ray White, representing 20% of new listings, followed by OBrien Real Estate with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.