SOLD
Sold on 03 Jul 2024 for $1,631,850

5 Royal Avenue
Springvale VIC 3171

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 117m2
Land area: 867m2
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Property Details for 5 Royal Ave, Springvale

Building Type
Land
Year Built
1950
Floor Size
117m2
Land Size
867m2
Local Government
Greater Dandenong
Lot/Plan
67~C/LP1239

Last Listing description (November 2023)

An opportunity to secure an allotment only minutes away from Springvale Railway station or Springvale Central is rare.
Close to the vibrant community hub of Springvale this block is ideally located for major redevelopment as multi storey residential dwellings, professional office suite, or other community orientated building. (STCA) Springvale hosts a number of events during the year with the most famous being the Lunar New year festival and the annual Snowfest the last weekend of July.

5 Royal Ave is a 3-bedroom home with a 19.2m frontage and an approx. depth of 45.7m and is currently leased at $1651/month. (RGZ2)

If you're a builder or developer you will be hard pressed to find another opportunity like this so contact our office today or Theresa Huynh on 0450 551 959 to find out more.


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Property History for 5 Royal Ave, Springvale, VIC 3171

A timeline of how this property has performed in the market
Last Sold
$1,631,850
03 Jul 2024
Listed for Rent
$370/w
21 Dec 2019
  • 03 Jul 2024
    Sold for $1,631,850
  • 08 Nov 2021
    Listed for Sale P.O.A.
  • 09 Sep 2019
    Listed for Rent $370 / 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 11,190 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.
There are currently 75 properties listed for sale, and 38 properties listed for rent in Springvale on OnTheHouse. According to CoreLogic's data, 339 properties were sold in the past 12 months in Springvale.

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