FOR SALE
$950,000-$1,050,000

15 Red Hill Road
Springvale VIC 3171

Bedrooms: 8
Bathrooms: 2
Car spaces: 2
Land area: 796m2
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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
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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

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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 11,190 properties. Over the last 5 years, Houses in Springvale have seen a 12.84% increase in median value, while Units have seen a 15.02% increase. As at 30 November 2024:

  • The median value for Houses in Springvale is $874,309 while the median value for Units is $595,896.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 85 properties listed for sale, and 32 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 337 properties were sold in the past 12 months in Springvale.

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Sa Nguyen
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Kenny Pham
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