1/17 Dome CourtSpringvale South VIC 3172
Property Details for 1/17 Dome Ct, Springvale South
1/17 Dome Ct, Springvale South is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1978. The property has a land size of 670m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom Unit sold in Springvale South in the last 12 months.
Last Listing description (October 2024)
This rare duplex on a 670sqm allotment offers an enticing opportunity for keen investors and developers. Acquiring the entire block with two units promises significant potential for rental returns, redevelopment profits, and future market growth. A unique property, it offers options to lease out as is, enhance with improvements, or embark on a luxurious residential redevelopment (STCA).
Situated in a quiet cul-de-sac and just steps from Burden Park, each unit features spacious living, a well-equipped kitchen, two bedrooms, one bathroom, and carport parking. The units enjoy good natural light and provide comfortable rental accommodation for couples or young families seeking convenience and a prime location.
Supremely located within walking distance of Burden Park, multiple bus lines, Heatherhill Primary School, and Keysborough Secondary College, with renowned Killester College a short drive away. Nearby, Springvale Plaza Shopping Centre, Springvale South Shopping Centre, and popular Springvale Central provide a comprehensive list of amenities and services. Additionally, this prized address boasts convenient access to Sandown Park Station and the Dandenong Bypass.
Whether you aim to lease out the units or start anew with a redevelopment project, this is a secure investment with dual rental income and the potential for future improvements to maximise rental yield and resale value.
Currently rented out for:
Unit 1: $1,608 pcm ($19,296 per year)
Unit 2: $1,347 pcm ($16,164 per year)
Property History for 1/17 Dome Ct, Springvale South, VIC 3172
- 17 Aug 2024Sold for $900,000
- 22 Jul 2024Listed for Sale $820,000 - $900,000
- 11 Oct 2022Listed for Rent $330 / week
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About Springvale South 3172
The size of Springvale South is approximately 4.5 square kilometres. It has 11 parks covering nearly 18.3% of total area. The population of Springvale South in 2011 was 12,183 people. By 2016 the population was 12,771 showing a population growth of 4.8% in the area during that time. The predominant age group in Springvale South is 20-29 years. Households in Springvale South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale South work in a labourer occupation. In 2011, 71.5% of the homes in Springvale South were owner-occupied compared with 71.1% in 2016.
Springvale South has 4,609 properties. Over the last 5 years, Houses in Springvale South have seen a 21.88% increase in median value, while Units have seen a 14.37% increase. As at 31 October 2024:
- The median value for Houses in Springvale South is $841,692 while the median value for Units is $556,647.
- Houses have a median rent of $560 while Units have a median rent of $520.
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