SOLD
Sold on 28 Jun 2024 for $450,000

1/245 Springvale Road
Springvale VIC 3171

Bedrooms: 1
Bathrooms: 1
Car spaces: 4
Floor area: 45m2
Land area: 59m2
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Property Details for 1/245 Springvale Rd, Springvale

Building Type
Commercial
Floor Size
45m2
Land Size
59m2
Local Government
Greater Dandenong
Lot/Plan
3/PS330544

Last Listing description (May 2014)

SHOP FOR RENT - LOCATION IS PERFECT (MELWAY 79 K11)
SHOP APPROX. 6M X 10M. THIS SHOP SITUATED IN THE HEART OF VIBRANT SPRINGVALE SHOPPINGS CENTRAL, TRAIN STATION. $1,760/MONTH (INC GST) + OUTGOING

Property History for 1/245 Springvale Rd, Springvale, VIC 3171

A timeline of how this property has performed in the market
Last Sold
$450,000
28 Jun 2024
Listed for Rent
$405/w
22 May 2014
  • 28 Jun 2024
    Sold for $450,000
  • 22 May 2014
    Listed for Rent $405 / week
  • 05 Apr 2014
    Listed for Rent - Price not available
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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 11,048 properties. Over the last 5 years, Houses in Springvale have seen a 21.04% increase in median value, while Units have seen a 20.94% increase. As at 30 September 2024:

  • The median value for Houses in Springvale is $877,168 while the median value for Units is $597,612.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 87 properties listed for sale, and 26 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 330 properties were sold in the past 12 months in Springvale.

Suburb Insights for Springvale 3171

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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.