14 Palm AvenueSpring Gully VIC 3550
Property Details for 14 Palm Ave, Spring Gully
14 Palm Ave, Spring Gully is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 829m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in January 2009.
Last Listing description (August 2022)
Located conveniently in Spring Gully is this 3-bedroom brick home sitting on a spacious 829sqm approx. block.
Upon entry, you are greeted with 2 spacious bedrooms on your left with carpet and built-in robes. Further down the hallway, there is bathroom with shower, bath and vanity. There is additional linen storage and the final carpeted bedroom with carpet and built-in robe at the end of the hallway.
On your right as you enter the property, you're presented with an open living/dining/kitchen design. The kitchen has been updated featuring bamboo benchtops, gas cooktop and electric oven with walk-in pantry. The living room features a functional fireplace perfect for those cold nights as well as a reverse cycle split system. Approaching the back door is a European style laundry efficiently designed to maximise use of space.
Within walking distance to the Spring Creek track, Spring Gully Primary School, One Tree Hill Hotel and Spring Gully General store and just minutes from La Trobe University. This home would be ideally suited for investors, downsizers or a young family.
The size and design of the block provides excellent potential to subdivide and maximise the returns on your investment! Current proposed plans (STCA) give opportunity for a 2-lot subdivision with a 315sqm block at the rear of the existing dwelling.
Currently under lease until May 2022 for $350p/w ($18,200 per annum.) ideal to provide a steady income whilst pursuing the benefits of subdivision.
Call now to book your inspection.
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Property History for 14 Palm Ave, Spring Gully, VIC 3550
- 23 Nov 2021Listed for Sale $535,000 - $565,000
- 20 Apr 2021Listed for Rent $350 / week
- 01 Aug 2018Listed for Rent $300 / week
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0About Spring Gully 3550
The size of Spring Gully is approximately 7.8 square kilometres. It has 17 parks covering nearly 38.7% of total area. The population of Spring Gully in 2011 was 2,983 people. By 2016 the population was 2,994 showing a population growth of 0.4% in the area during that time. The predominant age group in Spring Gully is 50-59 years. Households in Spring Gully are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Spring Gully work in a professional occupation. In 2011, 73.8% of the homes in Spring Gully were owner-occupied compared with 73% in 2016.
Spring Gully has 1,652 properties. Over the last 5 years, Houses in Spring Gully have seen a 44.88% increase in median value, while Units have seen a 42.00% increase. As at 31 January 2025:
- The median value for Houses in Spring Gully is $617,360 while the median value for Units is $371,358.
- Houses have a median rent of $500 while Units have a median rent of $420.
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