201/353 Springvale RoadGlen Waverley VIC 3150
Property Details for 201/353 Springvale Rd, Glen Waverley
201/353 Springvale Rd, Glen Waverley is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2009. The property has a land size of 3732m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in August 2017.
Last Listing description (September 2017)
**Investors Only**
Set within walking distance to the Glen Waverley restaurant precinct, Monash City Council, Holmesglen Tafe, Glen Waverley Station and The Glen Shopping centre there are all manner of amenities at your doorstep.
The apartment is a 2 bedroom twin key apartment and consists of a full size one bedroom apartment with a full size kitchen (including stainless steel oven, cooktop and dishwasher), spacious lounge and dining, bathroom, laundy facilities and a bedroom with built in robes and balcony. The studio side consists of a open plan bedroom with built-in robes, bathroom and mini kitchenette.
Current Rent: $644 per week ($33,530 per annum)
Rent as of 8/12/17: $670 per week (34,871 per annum)
Next Rent Increase: 8th December 2017
Current Return: 6.52% Gross / Net 6%
Yield as of 8/12/17: 6.78% Gross / Net 6.26%
Lease Terms: Lease to 7/12/2018 plus 6 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2018)
Approximate Owner Outgoings:
Council Rates: $1332 per annum
Water Rates: $200 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1156 per annum
Property History for 201/353 Springvale Rd, Glen Waverley, VIC 3150
- 31 Aug 2017Sold for $514,000
- 22 Aug 2017Listed for Sale Not Disclosed
- 26 Jul 2007Sold for $405,000
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About Glen Waverley 3150
The size of Glen Waverley is approximately 16.8 square kilometres. There are 53 parks, covering nearly 13.2% of the total area. The population of Glen Waverley in 2016 was 40327 people. By 2021 the population was 42642 showing a population growth of 5.7% in the area during that time. The predominant age group in Glen Waverley is 40-49 years. Households in Glen Waverley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation.In 2021, 69.30% of the homes in Glen Waverley were owner-occupied compared with 72.60% in 2016.
Glen Waverley has 19,901 properties. Over the last 5 years, Houses in Glen Waverley have seen a 4.17% increase in median value, while Units have seen a 6.24% increase. As at 31 July 2026:
- The median value for Houses in Glen Waverley is $1,691,515 while the median value for Units is $911,566.
- Houses have a median rent of $788 while Units have a median rent of $750.
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