A Fresh Start with Space, Comfort & Investment Potential!

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50 Kemp Street, Springvale VIC 3171

$890,000 - $979,000

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$890k - $935k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 604 m² 92 m²

Listed: 9 days ago

Updated: 5 days ago

Overview

Situated in a well-established Springvale neighborhood, this freshly refreshed three-bedroom house offers a practical entry point into the property market or a promising investment opportunity on a generous 604m² parcel of land. The home's recently updated interiors provide a welcoming ambiance that enhances immediate comfort, while the sizable outdoor area delivers flexible space for personal gardens, recreation, or potential future development subject to council approval (STCA).

The property features three well-proportioned bedrooms, making it suitable for families or tenants, supported by a central bathroom designed for everyday functionality. The inclusion of a single garage space adds secure parking and additional storage options, contributing to the overall convenience.

Residents will appreciate access to a host of local amenities including several schools such as Springvale Rise Primary School, St John Vianney's School, and Wellington Secondary College, enhancing the appeal for families. Shopping needs are well catered for with proximity to Springvale Shopping Centre, Springvale Central, and the Homemaker Centre, alongside multiple options for dining and home essentials. For leisure, the nearby parks and reserves offer opportunities for outdoor activities and community engagement. Excellent connectivity through public transport and major road links further support a practical lifestyle for both owner-occupiers and tenants.

Investors will find the estimated weekly rental income of $550 to $600 an attractive yield indicator. Overall, 50 Kemp Street presents a balanced combination of comfort, space, and potential in a convenient location, ideal for those stepping into property ownership or expanding their investment portfolio.

Local Market Insights

In Springvale, Quiet Listings observed 8 new houses entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $979,875. The property type mix of listed properties is predominantly Houses at 53%, followed by units (27%), and townhouses (7%). The most active agency for houses in the Springvale area is currently @Realty, representing 25% of new listings, followed by Ray White with 13%. 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.