318-320 Springvale RoadDonvale VIC 3111
Property Details for 318-320 Springvale Rd, Donvale
Last Listing description (January 2017)
Developers, this is the opportunity of a lifetime you've been waiting for. A substantial block of 4,254 sq m approx. with a massive 50 metre frontage in a high-profile location ensuring this site's absolute success as a medical, aged care or child care facility, or could even be a premium and very rewarding residential precinct.
Surrounded by a long list of conveniences including The Pines and Westfield Doncaster shopping centres, walk to the bus terminus, quality schools and recreation facilities.
A prominent exposure and perfectly zoned as LDRZ, the sky's the limit when it comes to constructing a hugely profitable development (STCA).
* Huge 4,254 sq m approx. parcel of land
* Medical, aged care, child care or residential development
* Zoned LDRZ for a flexible and profitable development (STCA)
* A high-exposure 50 metre frontage
* Near Tunstall Square, The Pines and Westfield Doncaster
* Easy access to the Eastern Freeway and bus terminus
Also visit the stand alone website at: www.318-320springvaleroaddonvale.com
Terms: 10% deposit, balance 30/60/90/120 days (negotiable)
Land: 4,254 sq m approx.
Property History for 318-320 Springvale Rd, Donvale, VIC 3111
- 09 May 2017Sold for $10,175,000
- 11 Jan 2016Sold for $2,100,000
- 23 Nov 2015Listed for Sale Price on Application
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About Donvale 3111
The size of Donvale is approximately 11.7 square kilometres. It has 26 parks covering nearly 10.8% of total area. The population of Donvale in 2016 was 12347 people. By 2021 the population was 12644 showing a population growth of 2.4% in the area during that time. The predominant age group in Donvale is 50-59 years. Households in Donvale are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Donvale work in a professional occupation.In 2021, 80.10% of the homes in Donvale were owner-occupied compared with 80.50% in 2016.
Donvale has 5,590 properties. Over the last 5 years, Houses in Donvale have seen a 11.24% increase in median value, while Units have seen a 13.30% increase. As at 31 March 2026:
- The median value for Houses in Donvale is $1,601,020 while the median value for Units is $889,976.
- Houses have a median rent of $800 while Units have a median rent of $650.
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