FOR SALE
Auction This Sat @ 11:30am: $900,000-990,000

15 Red Hill Road
Springvale VIC 3171

Bedrooms: 8
Bathrooms: 2
Car spaces: 2
Land area: 796m2
Improve this data
Contact Agents
Message
Show contact details
Call agent
Message
Show contact details
Call agent
Auction Time
Sat 23 Nov 11:30 am
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Vendor Must Sale-Eight Bedroom Home on 796m² in Central Springvale

We are thrilled to present a great opportunity: Living and earning extra rental income for both homebuyers and investors/developers:
With an estimated rental return of approximately $55,000 per year, this 8-bedroom home is ideally located in Central Springvale and presents a prime investment opportunity.
Situated on a generous 796m² (approx.) block, the solid brick home is perfectly positioned in the sought-after area of Springvale, offering excellent redevelopment potential for multiple dwellings (SCTA), making it a fantastic investment with substantial growth prospects.
Key features include: 8 bedrooms, 2.5 bathrooms for added convenience and up to four car spaces
Approx. 10-minute walk to Springvale Shopping Centre and only 100m from Springvale Road, this home is offering easy access to public transport and is perfectly positioned to take full advantage of the many amenities Central Springvale has to offer, including: Springvale Library (approx. 8-minute walk), Killester College (approx. 5-minute walk),The Glen Shopping Centre (approx. 15-minute drive)
Whether you are seeking a centrally located, low-maintenance home or a high-yield investment property, this is an opportunity not to be missed.
Contact us today to secure this fantastic opportunity!
Contact Minh Le 0429 564 676
Contact Kenny Pham 0433 373 454
Contact Minh Le at BYD Real Estate Springvale on 03 8566 1599 or after hours on 0429 564 676
View Statement of Information

Property Details for 15 Red Hill Rd, Springvale

15 Red Hill Rd, Springvale is a 8 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 796m2. The place is currently for sale with BYD Real Estate .

Building Type
House
Land Size
796m2

Commute Calculator

About Springvale 3171

The size of Springvale is approximately 11 square kilometres. It has 14 parks covering nearly 3.8% of total area. The population of Springvale in 2011 was 19,770 people. By 2016 the population was 21,697 showing a population growth of 9.7% in the area during that time. The predominant age group in Springvale is 20-29 years. Households in Springvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale work in a labourer occupation. In 2011, 57.4% of the homes in Springvale were owner-occupied compared with 56.2% in 2016.

Springvale has 11,126 properties. Over the last 5 years, Houses in Springvale have seen a 17.89% increase in median value, while Units have seen a 19.80% increase. As at 31 October 2024:

  • The median value for Houses in Springvale is $881,830 while the median value for Units is $591,654.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 93 properties listed for sale, and 29 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 351 properties were sold in the past 12 months in Springvale.

Springvale Profile Page

Suburb Insights for Springvale 3171

Visit Springvale profile page
Market Insights
Springvale Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Springvale Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Springvale profile page
Contact agent
Minh Le
Show contact details
Call agent
Kenny Pham
Show contact details
Call agent
BYD Real Estate
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED