SOLD
Sold on 19 Sep 2024 for $2,150,000

459-461 Springvale Road
Springvale VIC 3171

Bedrooms: 4
Bathrooms: 1
Car spaces: 8
Land area: 1863m2
Sold By
Buxton Canterbury
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Property Details for 459-461 Springvale Rd, Springvale

Building Type
Land
Land Size
1863m2
Local Government
Greater Dandenong
Lot/Plan
1/TP178853

Last Listing description (December 2020)

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.

But the real development drawcard is the vast proportions of this fabulous block. Offering a broad 20m frontage, there is the option to flex your renovators muscles and rejuvenate the existing property then subdivide the block to build multiple units more behind. Alternatively, those wishing to really capitalise, may choose to clear the site and craft a sophisticated multi-dwelling complex that is custom designed to provide each home with spacious interiors and alfresco zones to enjoy. All development STCA.
For all enquiries please contact Mark Kosch 0438 693 332 Hodges Mentone/Chelsea.

Property History for 459-461 Springvale Rd, Springvale, VIC 3171

A timeline of how this property has performed in the market
Last Sold
$2,150,000
19 Sep 2024
  • 19 Sep 2024
    Sold for $2,150,000
  • 15 Dec 2020
    Sold for $1,931,000
  • 26 Nov 2020
    Listed for Sale Contact Agent
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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 11,125 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:

  • The median value for Houses in Springvale is $881,830 while the median value for Units is $591,654.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 94 properties listed for sale, and 29 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 350 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.