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Overview
Situated on a generous 769 square meter parcel of land in the heart of Springvale, this property offers a compelling mix of immediate livability and significant development potential. Currently featuring a solid three-bedroom house with a functional layout, it presents well-proportioned bedrooms, a central bathroom complemented by two toilets, and bright, spacious living areas that bathe in natural light. This setup ensures comfort and practicality for current residents while offering scope for renovation to modern standards.
Adding to the property's appeal is the separate double lock-up garage, providing secure parking and valuable storage capacity, alongside outdoor spaces featuring established gardens and mature trees. The outdoor environment lends itself well to relaxation or entertaining, enhancing lifestyle opportunities.
What truly elevates this offering is the approved plans and permits for the construction of three standalone townhouses on site. This development plan includes a mix of townhouse configurations delivering 3 to 4 bedrooms, multiple bathrooms including ensuites, and private garages, spanning total builds ranging from approximately 153 to 195 square meters. Such approvals afford developers and investors a significant head start, streamlining the process for those seeking to capitalize on Springvale's strong growth and demand.
The location further enhances this property's attractiveness. Within close proximity to Springvale Road's shops, diverse eateries, and the vibrant Springvale Market, residents enjoy direct access to lifestyle amenities. Educational catchments include Westall Secondary College and Springvale Rise Primary School, with Minaret College conveniently just across the road. Commuters benefit from the nearby Springvale Station offering direct links to the city, as well as easy access to major road networks.
Whether your interest lies in residing here with the potential for modernization, leasing the existing home, or pursuing the approved townhouse development, this property offers versatility, a strategic location, and promising future prospects.
- Three well-sized bedrooms with central bathroom and two toilets supporting family functionality.
- Separate rear residence ideal for additional accommodation or rental income potential.
- Bright living and dining spaces that foster a welcoming atmosphere.
- Functional kitchen coupled with an adjoining laundry enhancing resident convenience.
- Secure parking with garage, an extra storage shed, and ample off-street spaces along the lengthy driveway.
- Established gardens and mature trees provide a serene and private outdoor setting.
- Approved development plans in place for three contemporary townhouses, reducing hurdles for investors and developers.
Local Market Insights
In Springvale, Quiet Listings observed 10 new houses entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $840,900. The property type mix of listed properties is predominantly Houses at 63%, followed by townhouses (25%), and units (13%). The most active agency for houses in the Springvale area is currently iSell Group, representing 40% 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.
Change History
| Headline | When |
|---|---|
| Permit Ready To Build | $950,000 - $1,045,000 | |
| $950,000 - $1,045,000 |
Location
Market Insights for Springvale VIC 3171
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