SOLD
RECENT ADVICE
Sold on 25 Mar 2024 for $1,210,000

12 Olympic Avenue
Springvale South VIC 3172

Bedrooms: 7
Bathrooms: 3
Car spaces: 4
Land area: 911m2
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Property Details for 12 Olympic Ave, Springvale South

12 Olympic Ave, Springvale South is a 7 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 911m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 7 bedroom House sold in Springvale South in the last 12 months.

Building Type
House
Land Size
911m2

Last Listing description (March 2024)

Its Addressed:

Ruby Vo proudly presents an extraordinary opportunity—a rare find nestled on a sprawling 911m2 approx. block featuring two separate dwellings!

Dwelling 1: Step into a haven with 3 spacious bedrooms, an L-shaped living space seamlessly connected to an open kitchen and laundry area. This dwelling boasts a renovated bathroom, a separate toilet, and features floorboards throughout with tiled wet areas. Enjoy the comforts of gas heating, ceiling fans, vertical blinds, and a split system.

Dwelling 2: Experience luxury in the 4-bedroom layout. The master bedroom, located downstairs, offers a full ensuite and BIR, while the other bedrooms are upstairs with a well-appointed bathroom and separate toilet. The large kitchen opens to an expansive living and dining area, providing a serene and spacious atmosphere.

The property includes an old pool area repurposed for underground storage, a large double carport, and an expansive garden for cultivating your vegetables. Orchid gardens await, providing a perfect space to showcase your beautiful orchid collections or hanging plants. A rainwater tank is available to nourish the garden.

For the Future: Already approved plans and permits for a 4-unit site: 3x three-bedroom double storey townhouses with double car garages and a single two-bedroom unit with a single car space at the back of the block.

Located in the highly sought-after pocket of Springvale South, this family-friendly area offers proximity to amenities such as a nearby church, Burden Park, Early Beginnings Childcare Centre, Killester College, Heather Hill Primary School, and Keysborough College—all within walking distance.

Convenience is at your fingertips with shopping options at Springvale or Springvale South Shopping Centre, offering a global array of cuisines. Additionally, 10 minutes to Parkmore Shopping Centre, 15-20 minutes to Glen Waverley, and approximately 30km from Melbourne CBD.

Whether you plan to live in or invest, this property promises a bright future, as large blocks like this are becoming increasingly rare. Current rental income stands at approximately $40,900pa for the two properties. Act now and secure your slice of an exceptional future!

For more Real Estate in Springvale South contact your Area Specialist.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.

Property History for 12 Olympic Ave, Springvale South, VIC 3172

A timeline of how this property has performed in the market
Last Sold
$1,210,000
25 Mar 2024
  • 09 Mar 2024
    Sold for $1,210,000
  • 04 Dec 2023
    Listed for Sale $1,050,000 - $1,155,000
  • 05 Jul 2016
    Listed for Sale Contact Agent
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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 4,632 properties. Over the last 5 years, Houses in Springvale South have seen a 19.49% increase in median value, while Units have seen a 10.83% increase. As at 30 November 2024:

  • The median value for Houses in Springvale South is $840,147 while the median value for Units is $562,237.
  • Houses have a median rent of $560 while Units have a median rent of $525.
There are currently 19 properties listed for sale, and 14 properties listed for rent in Springvale south on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Springvale south.

Suburb Insights for Springvale South 3172

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Contact agent
Ruby Vo
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David Kuoch
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AREA SPECIALIST KEYSBOROUGH
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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.