18 Merton StreetSpringvale VIC 3171
Property Details for 18 Merton St, Springvale
18 Merton St, Springvale is a 4 bedroom, 4 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 856m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom House sold in Springvale in the last 12 months.
Last Listing description (June 2024)
Prime Development Opportunity in Central Springvale!
Attention Developers! Here's your chance to secure a lucrative investment in one of the most sought-after locations. Situated on a spacious 856m2 corner lot in a premier location just moments away from Springvale Shopping Centre, Homemaker Hubs, leading educational institutions, public transport, and major road arterials, this property presents an exceptional opportunity for astute developers.
Key Features:
Land size of 856m2 with planning permit approved for 5 townhouses, providing a ready-to-go development opportunity.
Existing 4-bedroom, 4-bathroom residence with 4 toilets and a 4-car garage, offering potential rental income during the development process.
Convenient proximity to Springvale Shopping Centre, Homemaker Hubs (including IKEA, Harvey Norman, and Bunnings), supermarkets, and a plethora of retail and dining options.
Close to esteemed educational institutions such as Monash University, Minaret College, St John Vianney's Primary, Westall Secondary, and Wellington Secondary, ensuring high demand from students and families.
Easy access to trains, buses, and major road arterials for seamless connectivity to Melbourne CBD and surrounding areas.
Surrounded by parklands, providing recreational opportunities and enhancing the quality of life for future residents.
This strategically positioned property offers endless potential for a profitable development project in a thriving and vibrant community. With the planning permit already in place, capitalize on the booming demand for quality housing in this desirable location and reap the rewards of this lucrative investment opportunity.
Don't miss out on this rare chance to transform this prime piece of real estate into a lucrative development venture. Act now and take the first step towards realizing your vision for success in the dynamic property market.
Contact us today to discuss further details and secure this prime development opportunity!
Icons:
- 4 Beds
- 4 Baths
- 4 Toilets
- 4 Cars
- Contact Minh Le 0429 564 676
- Contact Sa Nguyen 0477 949 777
- Contact Minh Le at BYD Real Estate Springvale on 03 8566 1599 or after hours on 0429 564 676
Property History for 18 Merton St, Springvale, VIC 3171
- 06 Apr 2024Sold for $1,600,000
- 04 Mar 2024Listed for Sale Auction $1,280,000- $1,390,000
- 02 Dec 2021Listed for Rent $595 / week
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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 11,097 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.
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