3 Merton StreetSpringvale VIC 3171
Property Details for 3 Merton St, Springvale
3 Merton St, Springvale is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 534m2 and floor size of 113m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
Last Listing description (November 2019)
The ever growing market in Springvale offers another tremendous chance for the prudent buyer to secure a short/long term investment. Literally only a few minutes walking distance to Springvale train station, central shopping and local schools, this desirable block measuring at 553 sqm offers huge potential in building a dream home or simply land banking in one of Springvale's premier locations. Live in or rent out the existing charming home that comprises:
• 3 bedrooms
• Large lounge
• Currently leased with great tenants for $400/week
In a high demand pocket that has seen massive growth in value over recent years, get in now before it rises even further. Make this your wealth creator or retirement plan. An investment you just can't look past. Put your front foot forward. Call today!
Property History for 3 Merton St, Springvale, VIC 3171
- 23 Nov 2019Sold for $770,000
- 25 Oct 2019Listed for Sale AUCTION
- 28 Jun 2018Listed for Rent - Price not available
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0About 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 11,190 properties. Over the last 5 years, Houses in Springvale have seen a 10.32% increase in median value, while Units have seen a 14.62% increase. As at 31 January 2025:
- The median value for Houses in Springvale is $877,227 while the median value for Units is $603,290.
- Houses have a median rent of $560 while Units have a median rent of $500.
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