1 Spring RoadSpringvale South VIC 3172
Property Details for 1 Spring Rd, Springvale South
1 Spring Rd, Springvale South is a 5 bedroom, 2 bathroom House and was built in 1970. The property has a land size of 519m2 and floor size of 173m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 5 bedroom House sold in Springvale South in the last 12 months.
Last Listing description (September 2024)
Situated on a prominent corner, this rare and very versatile opportunity presents both commercial and residential options for anyone hunting for the perfect site for their business venture or to achieve a fabulous live-in work-life balance.
Occupying 519 sqm with a sundrenched 32.3m (measurements approx) frontage, the property is currently established as a music school. Featuring an entrance foyer and light-filled reception/waiting room, there are also multiple lesson rooms (potential living areas or bedrooms) across the two levels. A kitchen downstairs and bathroom facilities both upstairs and down are also offered together with ducted heating, air-conditioners and substantial on-site parking.
In sparkling condition with crisp white paint and contemporary carpet, this hard-to-find premises is ready to accommodate your specific needs. Whether you continue in the same vein as it is currently utilised or consider an alternate purpose such as professional services, well-being or healthcare, this sun-filled setting has the potential to adapt (STCA).
Positioned steps to bus stops and close to Springvale Plaza shopping centre, there are also eateries nearby and beautiful Burden Park just a short stroll away. And getting here is easy thanks to proximity to major arterials including the Dingley Bypass and Springvale Road.
Property History for 1 Spring Rd, Springvale South, VIC 3172
- 07 Sep 2024Sold for $855,000
- 14 Aug 2024Listed for Sale $800,000 - $840,000
- 19 May 2015Sold for $690,000
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0About 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 4,628 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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