SOLD
Sold on 11 Dec 2023 for $1,500,000

159 Springvale Road
Nunawading VIC 3131

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 206m2
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Property Details for 159 Springvale Rd, Nunawading

Building Type
Commercial
Land Size
206m2
Local Government
Whitehorse
Lot/Plan
4/LP11153

Last Listing description (June 2020)

Ray White Commercial proudly presents this fantastic offering of 2 Retail freeholds side by side to be sold as one.

These properties are in a Commercial 1 Zone which offers an incredible potential. With the new Nunawading Train Station next door, prominently placed within Nunawading's Retail strip this makes these properties a stand out with multiple options that could include leasing out individually, redeveloping (STCA) the entire site or owner occupier.


The combined properties feature:

* Zoning | Commercial 1
* Building area | 160m2 approximately
* Land area | 415m2 approximately
* Offered Vacant Possession

Property History for 159 Springvale Rd, Nunawading, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$1,500,000
11 Dec 2023
Listed for Rent
26 Mar 2018
  • 11 Dec 2023
    Sold for $1,500,000
  • 04 Dec 2017
    Listed for Sale $900,000
  • 04 Dec 2017
    Listed for Rent $1,700,000 / year
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About Nunawading 3131

The size of Nunawading is approximately 5.1 square kilometres. It has 23 parks covering nearly 4.1% of total area. The population of Nunawading in 2011 was 10,945 people. By 2016 the population was 11,863 showing a population growth of 8.4% in the area during that time. The predominant age group in Nunawading is 30-39 years. Households in Nunawading are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nunawading work in a professional occupation. In 2011, 70.1% of the homes in Nunawading were owner-occupied compared with 68.1% in 2016.

Nunawading has 6,908 properties. Over the last 5 years, Houses in Nunawading have seen a 21.26% increase in median value, while Units have seen a 11.59% increase. As at 31 August 2024:

  • The median value for Houses in Nunawading is $1,142,272 while the median value for Units is $685,234.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 15 properties listed for sale, and 16 properties listed for rent in Nunawading on OnTheHouse. According to CoreLogic's data, 260 properties were sold in the past 12 months in Nunawading.

Suburb Insights for Nunawading 3131

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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.