OFF MARKET

161-163 Springvale Road
Nunawading VIC 3131

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 260m2
Land area: 519m2
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Property Details for 161-163 Springvale Rd, Nunawading

Building Type
Land
Floor Size
260m2
Land Size
519m2
Local Government
Whitehorse
Lot/Plan
1/TP235760

Last Listing description (September 2023)

Gorman Allard Shelton is pleased to offer 161-167 Springvale Road, Nunawading for sale via Expression of Interest closing Thursday 24th August at 2pm.

Outstanding opportunity to acquire this prime corner development site surrounded by an abundance of lifestyle amenity and within close proximity to major arterial routes.

Key features of this opportunity include:

* Prime corner landholding of 1,003 sqm approx. on two titles
* Highly valuable Commercial 1 zoning
* Potential for medium density development (STCA) and uninterrupted 360-degree views
* Short-term income
* First time offered in 40 years
* Development scheme available upon request
* High exposure location suitable for future owner occupiers

Moments from the Whitehorse Road "Golden Mile" retail strip boasting excellent lifestyle amenity, the subject property is directly adjacent to the revamped Nunawading Train Station and walking distance to retail and lifestyle amenity within Station Street.

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Property History for 161-163 Springvale Rd, Nunawading, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$2,035,000
29 Aug 2023
Listed for Rent
$671/w
24 Jun 2011
  • 29 Aug 2023
    Sold for $2,035,000
  • 24 Jul 2023
    Listed for Sale Contact Agent
  • 09 Oct 2015
    Sold for $1,690,000
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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 20.78% increase in median value, while Units have seen a 8.90% increase. As at 30 September 2024:

  • The median value for Houses in Nunawading is $1,181,107 while the median value for Units is $694,143.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 16 properties listed for sale, and 16 properties listed for rent in Nunawading on OnTheHouse. According to CoreLogic's data, 261 properties were sold in the past 12 months in Nunawading.

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