5/2-4 Peace StreetSpringvale VIC 3171
Property Details for 5/2-4 Peace St, Springvale
Last Listing description (March 2024)
RWC (Oakleigh) is delighted to present 5/2-4 Peace Street, Springvale for sale by private negotiation. Being sold with vacant possession, this entry level factoriette comprises of 90m2* on ground level with a bonus mezzanine office of 30m2* Within a coveted Industrial 1 Zone (IN1Z), the property will suit a variety of uses whether you are looking to occupy yourself or purchase this as an investment to add to your portfolio.
The property is strategically located just off Centre Road near the Springvale Road and Princes Hwy junction.
Property Features:
• Building area| 90m2*
• Plus bonus mezzanine office area | 30m2*
• Suitable for a variety of uses (STCA)
• Industrial 1 Zone (IN1Z)
• Sold with vacant possession
For further information please contact one of the exclusive marketing agents below:
Ryan Amler | 0401 971 622
Tom Carroll | 0410 698 033
*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 5/2-4 Peace St, Springvale, VIC 3171
- 20 Feb 2024Sold for $346,500
- 16 Jan 2024Listed for Sale Under Contract
- 23 Mar 2021Listed 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 11,123 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.
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