457-461 Springvale RoadGlen Waverley VIC 3150
Property Details for 457-461 Springvale Rd, Glen Waverley
Last Listing description (January 2023)
Knight Frank are pleased to offer a rare opportunity at 457-461 Springvale Road, Glen Waverley.
Situated in the heart of Glen Waverley in a highly populated residential area, this prominent 16,400 sqm site offers investors, developers or owner occupiers an incredible opportunity to purchase highly desirable land with the potential to develop in the future (STCA).
Minutes from The Glen shopping strip and Brandon Business Park this site has total ease of accessibility being minutes from the Monash and Eastern Freeways.
- Remarkable future development potential (STCA)
- General Residential Zone (GRZ)
- 16,400 sqm site
- Benefiting from exceptional street exposure and high volume passing traffic
- Monash and Eastern freeway only minutes away
- Tenant: Jasper (Group) Pty Ltd
- Current income $54,500 (approx.) plus GST & Outgoings
- Term: 5 + 5 + 5 + 5 years
- Commencement Date: 1st November 2013
For further information or to arrange an inspection, please contact Matt Romanin or Tim Grant.
Property History for 457-461 Springvale Rd, Glen Waverley, VIC 3150
- 24 Jan 2017Sold for $965,000
- 06 Jan 2015Listed for Sale Not Disclosed
- 09 Mar 2006Sold for $520,000
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0About 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 19,992 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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