Looking to acquire land for sale in Box Hill? The suburb of Box Hill is located in the Hills Shire Local Government Area, in the North West Priority Growth Area of Sydney. Part of the Hills District Region, Box Hill is located 42 kilometers from the Sydney central business district (CBD). Box Hill has a current population of 902 people (as recorded in 2016) but expects to reach a population of 23,567 by 2036. The current median property price for houses for sale in Box Hill (recorded from October 2017) is $960,000 with a median rent paid per rental property of $565 per week. There have been 113 registered land sales recorded over the past twelve months with a mix of residential building blocks, future residential development sites and other land uses amongst the most common transactions. Of the smaller residential land parcels sold, a 320m2 block sold for $410,000, which represents a sales realisation of $1322/m2. Of the larger residential lots sold, a 660m2 parcel of land sold for $710,000 representing a sales realisation of $1075/m2. Of course there are many other land sales that have taken place, but are yet to be registered due to the ongoing development, subdivision and approval process. Notable larger development sites which are now registered or pending registration include; The Gables, High Grove, Rosedale and The Hills of Carmel. Other sites which are currently going through the development assessment process include 30 residential lots at 67 Terry Road, 262 residential lots at 91A Boundary Road and a vast array of other applications (for future land sales) currently under consideration.
What this will mean is a brand new community will exist at Box Hill and residents will benefit from up to 9,600 new homes and the delivery of local amenities close to transport options, including:
- a new town centre and three village centres
- 133 hectares of employment land
- upgrades to major roads
- new primary and high schools
- protection of significant vegetation
- improved connections to encourage walking and cycling.
So, if you own real estate, including a house, land or a potential land development site in the Box Hill precinct, or if you are looking to find suitable land for sale in the Box Hill area, then contact the team at Urban Greenfield today; we would be delighted to assist you with your land sale or new land purchase.