501 / 9-11, Prospect Street, Box Hill VIC 3128 – Prospect Box Hill

$702,768

  • 2
  • 1
  • 1
  • 92.6m²
  • Apartment

Prospect Apartments are located in the heart of Box Hill, one of Melbourne’s fastest-growing suburbs. This stunning new development offers a range of one, two, and three-bedroom apartments, each with sleek and modern finishes.

One of the standout features of Prospect Apartments is their prime location. Situated just a stone’s throw from Box Hill Central, residents will have access to an incredible range of amenities, including shops, restaurants, and cafes.

But it’s not just the location that makes Prospect Apartments an attractive investment opportunity. Box Hill is currently undergoing a significant transformation, with a range of infrastructure projects and new developments in the works. This includes the expansion of the Box Hill Hospital, the Box Hill TAFE campus, and the construction of the new Box Hill SkyRail.

These projects are expected to bring a surge of new residents to the area, driving up demand for rental properties in the coming years. Additionally, with the increasing popularity of Box Hill as a cultural and commercial hub, property values are expected to continue to rise.

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Overview

  • $-243.74/m

  • 1.52%

  • 4.44%

  • 2.53%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area71.9 m²
Title StatusRegistered
Contract typeSingle
Council Rates*$91/m
Water Rates*$50/m
Body Corp / Strata*$266.11/m
Tax depreciation*$1154.59/m
Rental Income*$2600/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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