FOR SALE
$1,499,000

4 Victoria Avenue
Springvale VIC 3171

Bedrooms: 5
Bathrooms: 1
Car spaces: 1
Land area: 848m2
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PREMIER LOCATION MEETS PROMISING REDEVELOPMENT POTENTIAL

Impressing with a generous 848m² block (approx.), this humble abode offers immeasurable value and potential. Bolstered by prime positioning in the heart of Springvale Central, residents are mere steps from shops, eateries, banks, health services, Springvale Station, buses, Springvale Reserve, St Joseph's Catholic Primary, and Springvale Rise Primary. Additionally, the property enjoys proximity to Westall Secondary College, Killester College, Monash University, Springvale Homemaker Centre, and M-City Shopping Centre, with easy access to Princes Highway, M1 Freeway, and Eastlink.
Currently tenanted, prospective buyers have the option to extend the lease, renovate (noting kitchen was recently refreshed) or knock down and rebuild (STCA). Developers may also be interested in the simultaneous sale of 6 Victoria Ave next door, presenting a significant opportunity to purchase both lots, combining the land for a multi-dwelling residential development (STCA).
Brimming with potential, this outstanding property is sure to entice families looking to realise their dream home vision, as well as savvy investors eager to expand their portfolios. Whether you are interested in 4 Victoria Ave alone or considering the dual purchase of both properties, this opportunity is not to be missed!
Current Rental Income for 4 Victoria Ave: $3,000 pcm
Current Rental Income for 6 Victoria Ave: $2,950 pcm
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Property Details for 4 Victoria Ave, Springvale

4 Victoria Ave, Springvale is a 5 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 848m2. The place is currently for sale with iSell Group.

Building Type
House
Land Size
848m2

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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 11,096 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 76 properties listed for sale, and 42 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 343 properties were sold in the past 12 months in Springvale.

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Ricky Nguyen
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Johnny Nguyen
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iSell Group
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