SALE BY CLOSING DATE TUESDAY 15 DECEMBER, 2020 @ 4PM (UNLESS SOLD PRIOR)
A rare and exciting opportunity to secure a significant 1,863sqm (approx.) land holding in the heart of Springvale, this expansive site has been in the same family for almost 90 years. Situated just a ten minute walk to the vibrant buzz of central Springvale and within easy reach of buses & train stations, this location is also close to Heatherhill Primary School and Killester College.
The well-maintained brick home originates back to the 1960s and offers three bedrooms/one bathroom, ducted heating, split system cooling & multiple versatile sheds. Although ready for some modern updates, this could be a very comfortable base while plans are awaiting approval.
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 11,125 properties. Over the last 5 years, Houses in Springvale have seen a 17.89% increase in median value, while Units have seen a 19.80% increase. As at 31 October 2024:
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