Is this Melbourne’s most expensive two-bedroom house?

A cream brick Box Hill house is on the market with a whopping $7 million-plus price tag.

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The last time 1 Rodgerson Rd sold was in March, 1999, when it changed hands for just $206,000, according to CoreLogic.

If the property sells for $7 million, the price will have grown by 3298 per cent in 18 years.

CoreLogic data shows the median house price in Box Hill is $1.37 million.

1 Rodgerson Rd, Box Hill, is in the residential growth zone.

Ray White, Box Hill, auctioneer Stuart Rooke said the owners were sitting on a goldmine.

“Let’s just say they bought well,” Mr Rooke said.

“It will be like a mini-Tattslotto win when they sell.

“They obviously would love to sell it for as much as possible as they are planning an overseas holiday once it’s all over.”

Mr Rooke said while interest so far had been a bit below the $7 million-mark there were a number of Sydney developers that were extremely interested in the property.

“If a developer wanted to do a 10-storey development in Sydney they’d be looking at paying a whole lot more than this for the property,” he said.

“It’s a no brainer that they’d consider this a great option.”

The property is being targeted at developers.

The property is in the Box Hill residential growth zone, meaning there is potential for the site to be developed into a high-rise project or student, medical or business accommodation.

“There aren’t many undeveloped sites left in the residential growth zone, so it is a rare opportunity,” Mr Rooke said.

It is close to Box Hill Institute, Box Hill Hospital, public transport and is within Koonung Secondary College school zone.

jordan.marshall@news.com.au