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8 Treesbank Avenue
Springvale VIC 3171

Bedrooms: 5
Bathrooms: 2
Car spaces: 6
Land area: 728m2
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Far from ordinary!

2 Dwellings - 2 Incomes and a prized piece of Springvale land of 728m2 approx. Fabulous opportunity for Springvale dreamers to renovate and decorate to bring back the sparkle of this family home with the bonus of a fully self contained 2 bedroom bungalow.
Front home offers a large spacious lounge area, 3 bedrooms, central bathroom, sunroom and spacious private garden surrounds. Rear bungalow with kitchen, lounge, bathroom with spa, 2 bedrooms, also with private garden surrounds. With plenty of off-street parking and a large steel garage, there's no shortage of space for vehicles, tools, or storage. Together, these 2 dwellings currently generate a combined income of $2,760 per calendar month, making this an excellent investment option.
In the short term, enjoy the dual incomes while you plan the future of this versatile property. Whether you consider redeveloping for multiple units or envision a magnificent new home on this large site, the possibilities are endless.
Positioned in the more popular and convenient locations of Springvale. Easy walk to Sandown station, Heatherhill Primary school and Burden Park, is the icing on the cake of this lucky No. 8!
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Property Details for 8 Treesbank Ave, Springvale

8 Treesbank Ave, Springvale is a 5 bedroom, 2 bathroom House with 6 parking spaces. The property has a land size of 728m2. The place is currently for sale with Ray White Noble Park.

Building Type
House
Land Size
728m2

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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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Jason Yan
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