Would you pay $7 million for this? Humble two-bedroom suburban home in Melbourne is on the market for 30 TIMES more than what it sold for in 1999

  • A modest two-bedroom Melbourne home that sold for $206,000 in 1999 is back on the market for $7million.

The value of the Box Hill house, which sits 14kms east of Melbourne‘s centre, has risen by more than 3,000 percent in almost 20 years.

The 762sqm property at 1 Rodgerson Road is a prime investment for builders and developers, according to Realestate.com.


It sits on 762sqm of land and is within the Box Hill Residential growth zone, offering opportunity for the site to be developed in a high-rise project or as student, business or medical accommodation.