FOR SALE
$640,000 - $699,000

36 Charles Avenue
Springvale VIC 3171

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 623m2
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Auction Time
Sat 19 Oct 11:00 am
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REVIVE, REIMAGINE OR REDEVELOP!

Primed for redevelopment, this modest weatherboard home, sitting on a generous 623m² block, offers immense potential for buyers and investors looking to capitalise on land and location value. It presents endless opportunities, whether through a transformational renovation, a complete knockdown and rebuild, or an exciting multi-dwelling residential development (STCA).
No matter the investment type, the rewards are substantial given the property’s prime location just moments from Waverley Gardens Shopping Centre and Springvale Central, with easy access to schools, parks, and major transport links including buses, Springvale Station, Princes Highway, M1 Freeway, and Eastlink.
Currently, the home features two bedrooms, one bathroom, spacious formal living and dining, an updated kitchen with quality appliances and ample storage, alongside a well-equipped laundry with external access. Additional highlights include a large master bedroom, built-in robes in both bedrooms, timber flooring, a fireplace, air conditioning, ceiling fans, an undercover entertaining deck, and a garage.
Surrounded by lush parklands, including the scenic Lotus Garden, this location offers an idyllic lifestyle. Families will appreciate the walking distance to Wellington Secondary College, with nearby schools such as Albany Rise Primary, St John Vianney's Primary, and Carwatha College also within easy reach. Furthermore, residents can take advantage of the extensive retail and dining options at Waverley Gardens Shopping Centre, Springvale Central, Springvale Homemaker Centre, and M-City Shopping Centre. An investment here promises both lifestyle benefits and enviable real estate success.
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Property Details for 36 Charles Ave, Springvale

36 Charles Ave, Springvale is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 623m2. The place is currently for sale with iSell Group.

Building Type
House
Land Size
623m2

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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 11,099 properties. Over the last 5 years, Houses in Springvale have seen a 21.81% increase in median value, while Units have seen a 23.13% increase. As at 31 August 2024:

  • The median value for Houses in Springvale is $873,867 while the median value for Units is $595,941.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 77 properties listed for sale, and 34 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 344 properties were sold in the past 12 months in Springvale.

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Ricky Nguyen
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Eric Yung
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iSell Group
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