1-3/11 View Road, Springvale, VIC 3171 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
$2,500,000

1-3/11 View Road
Springvale VIC 3171

Bedrooms: 9
Bathrooms: 3
Car spaces: 6
Land area: 1144m2
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SIGNIFICANT MULTI-UNIT INVESTMENT OPPORTUNITY

A rare and significant opportunity presents itself to secure an entire block of three units on a substantial 1,144sqm (approx.) allotment. Offering an immediate combined rental return of approximately $80,000 per annum, this tightly held holding delivers both strong income and long-term upside. Beyond the existing yield, the property also presents outstanding scope for redevelopment, with potential to transform the site into a collection of luxury new homes (STCA), unlocking further capital value in a highly desirable pocket.
Delivering exceptional convenience and lifestyle ease, this prized address is within walking distance of Springvale Shopping Centre, where a vibrant mix of shops, fresh food markets, eateries, banking and essential services awaits. Families are well catered for with Springvale Community Hub Playground, Springvale Rise Primary School, St Joseph’s Catholic Primary School and Killester College all within an easy stroll. Boasting immediate access to local buses and Sandown Park Station, connectivity is assured.
Unit 1: Open plan living/dining/kitchen, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Unit 2: Open plan living, study nook, kitchen with meals, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Unit 3: Open plan living, kitchen with meals, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Inclusions: Heating and cooling plus lock-up garage across all three units
Disclaimer: In preparing this document, we have made every effort to ensure the information provided is accurate and reliable. However, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements contained herein. Some images may have been virtually styled or digitally enhanced for illustrative purposes. Prospective purchasers are encouraged to conduct their own enquiries to verify the information provided. Purchasers should also refer to the due diligence checklist available from Consumer Affairs: https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence.
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Property Details for 1-3/11 View Rd, Springvale

1-3/11 View Rd, Springvale is a 9 bedroom, 3 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 1144m2. The place is currently for sale with iSell Group.

Building Type
BlockOfUnits
Land Size
1144m2
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About Springvale 3171

The size of Springvale is approximately 11.0 square kilometres. There are 14 parks, covering nearly 3.8% of the total area. The population of Springvale in 2016 was 21714 people. By 2021 the population was 22174 showing a population growth of 2.1% in the area during that time. The predominant age group in Springvale is 20-29 years. Households in Springvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale work in a labourer occupation.In 2021, 54.70% of the homes in Springvale were owner-occupied compared with 56.20% in 2016.

Springvale has 11,392 properties. Over the last 5 years, Houses in Springvale have seen a 8.58% increase in median value, while Units have seen a 11.89% increase. As at 30 April 2026:

  • The median value for Houses in Springvale is $946,717 while the median value for Units is $612,453.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 77 properties listed for sale, and 38 properties listed for rent in Springvale on OnTheHouse. According to Cotality's data, 400 properties were sold in the past 12 months in Springvale.

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Ricky Nguyen
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Johnny Nguyen
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iSell Group
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