FOR SALE
Under Contract - $710,000 to $780,000

25 Newcomen Road
Springvale VIC 3171

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 593m2
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Plans & Permit Approved

Calling all Builders and Developers
Just a short walk to Minaret College or a 15-minute walk to Springvale station puts this development site within easy reach of the facilities many people need. The existing weatherboard home is currently tenanted providing a handy income while you prepare to start the project.
Plans and permits are provided for two spacious townhouses with 4-bedrooms and retreat, 2-bathrooms, and 3-toilets on the first floor. On the ground floor, a guest bedroom with ensuite on the ground floor, open plan kitchen/dining/family room, separate living room plus a powder room and European style cupboard laundry. The design optimises the area available to provide two well appointed large family homes with North facing rear court yards to replace the existing 3 bed weather board home.
Currently leased at $1738/month.
To find out more about this new opportunity contact Bon Ta on 0401 802 936
Features
Approved Plans and Permit
2-Spacious Townhouses of 5 bed 3 bath 5 toilets
Master with ensuite & WIR
Guest bedroom with ensuite on ground floor
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Property Details for 25 Newcomen Rd, Springvale

25 Newcomen Rd, Springvale is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 593m2. The place is currently for sale with CENTURY 21 Theresa Huynh.

Building Type
House
Land Size
593m2

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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 11,123 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 91 properties listed for sale, and 30 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 345 properties were sold in the past 12 months in Springvale.

Suburb Insights for Springvale 3171

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Bon Ta
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Theresa Huynh
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CENTURY 21 Theresa Huynh
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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.