Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

24 Gray Street, Springvale VIC 3171

Price Guide: $860,000 - $920,000

Search Band Search Visibility Band

$860k - $946k Low Confidence Calculated based on limited search observations.

House 3 Beds 1 Bath 2 Cars 736 m²

Listed: 15 hours ago

Overview

This property at 24 Gray Street in Springvale offers a substantial opportunity for buyers looking for a versatile home on a large land parcel of approximately 736 square meters. Originally established as a comfortable three-bedroom residence, the home also incorporates the potential for a fourth bedroom or a second sitting area or study, allowing flexibility to tailor the space according to lifestyle needs.

Positioned in a notably quiet location, the property features a formal family/living room at the front, a classic kitchen and dining area, and a single bathroom with a separate toilet, providing a solid and functional layout. Complementing the living spaces is an extra-large lock-up garage equipped with significant storage and workshop space, making it suitable for hobbyists or those requiring ample room for tools and projects.

The gardens, both front and rear, are designed for low maintenance, appealing to those seeking manageable outdoor areas. Importantly, the site presents multiple development options subject to council approval (STCA); buyers can consider updating the existing residence, extending the home, rebuilding, or even pursuing a development with multiple dwellings. This flexibility broadens the market appeal, attracting investors, developers, and owner-occupiers aiming to build their ideal family home or create value through redevelopment.

Located in the popular Springvale precinct, the property benefits from proximity to major amenities such as the Springvale Homemaker Centre with retailers like Bunnings and IKEA, vibrant local shopping hubs, and convenient access to public transport. Educational facilities including primary and secondary schools are nearby, alongside tertiary institutions like Monash University and key medical centers such as Monash Medical Centre and Dandenong Hospitals. This combination ensures ease of daily living and caters well to families, professionals, and downsizers.

Large land size offers space and future development potential
Flexible accommodation options with possible fourth bedroom or study
Extra-large garage with workshop and storage facilities
Low-maintenance gardens suitable for varied lifestyles
Well-positioned close to retail, education, and health services

This property is ideal for buyers seeking to enter the market with scope to personalize and enhance their investment or family home. The auction format, scheduled for 20th November, reflects a motivated seller and an attractive buying opportunity.

Local Market Insights

In Springvale, Quiet Listings observed 12 new houses entering the market over the last 30 days, down from 14 during the previous 30-day period, with an average advertised asking price of $899,083. The property type mix of listed properties is predominantly Houses at 52%, followed by units (22%), and townhouses (9%). The most active agency for houses in the Springvale area is currently iSell Group, representing 33% of new listings, followed by Jellis Craig with 17%. 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.