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Overview
This property at 24 Phillip Avenue, Springvale offers a rare chance to acquire a significant 604 square metre parcel of residential land in a well-connected suburb. The versatile site represents outstanding potential for those looking to build their dream home from the ground up or explore future multi-dwelling developments, subject to council approvals.
Currently occupied by an existing three-bedroom, single bathroom, and single carport home that requires extensive renovation, the emphasis here is truly on the substantial landholding and the opportunities it unlocks. It is an ideal canvas for owner-builders, redevelopment enthusiasts, or investors with vision to create something tailored to lifestyle preferences or market needs.
Positioned in the Greater Dandenong municipality, the locale boasts excellent accessibility to essential amenities including shopping precincts, schooling options, public transport links, and major arterial roads. This ensures convenience for families, professionals, and developers keen to capitalize on the suburb’s growing appeal.
- Spacious 604 sqm residential allotment in a sought-after Springvale location
- Flexibility to design a contemporary family residence or pursue multi-unit redevelopment potential
- Existing dwelling provides a land value opportunity with room for comprehensive transformation
- Well-serviced by local infrastructure, transport, and educational facilities
- Suitable for buyers interested in building, developing, or extensive renovation projects
Overall, this property presents a strategic opportunity to shape the future of a substantial site within a dynamic suburb. Whether commencing new construction or redeveloping, it offers the potential to realize a bespoke project in a vibrant community setting.
Local Market Insights
In Springvale, Quiet Listings observed 12 new houses entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $843,333. The property type mix of listed properties is predominantly Houses at 52%, followed by townhouses (36%), and units (12%). The most active agency for houses in the Springvale area is currently iSell Group, representing 42% of new listings. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Springvale VIC 3171
Market Insights for Springvale VIC 3171
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