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

16 Rhodes Street
Springvale VIC 3171

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 690m2
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Sought after Springvale Site - Ready for your dream development!

Unlock the potential of this expansive 690m2 flat, rectangular allotment with a 15.2 metre frontage. This new home site (STCA) offers endless possibilities for development, making it the perfect canvas for your next venture.
Whether you envision a multi-unit redevelopment (STCA) or dream of building your ideal home, this property provides the perfect foundation. Currently, a low maintenance, cladded 3-bedroom classic occupies the site, offering potential for rental income while you plan and perfect your project ideas.
The home itself could flourish with the right TLC and features spacious proportions making it ideal for renovation or redevelopment (STCA)
With plenty of potential for customisation and renovation, this property is perfect for location savvy buyers looking to secure a foothold in the ever growing Springvale market.
Just 15 minutes to Glen Waverley and the same to Chadstone, access to all major arterials is a breeze. Buyers will appreciate the close proximity to Springvale central amenities, including restaurants, cafes, parks, and playgrounds. Heatherhill Primary School, Killester College, Springvale Station and Sandown Park Station are all within close proximity, making this location highly desirable.
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Property Details for 16 Rhodes St, Springvale

16 Rhodes St, Springvale is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 690m2. The place is currently for sale with Ray White Noble Park.

Building Type
House
Land Size
690m2

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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 11,191 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 82 properties listed for sale, and 34 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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Alan Tran
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Ahmed Al Ziady
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Ray White Noble Park
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