159 Springvale RoadNunawading VIC 3131
Property Details for 159 Springvale Rd, Nunawading
Last Listing description (June 2020)
Ray White Commercial proudly presents this fantastic offering of 2 Retail freeholds side by side to be sold as one.
These properties are in a Commercial 1 Zone which offers an incredible potential. With the new Nunawading Train Station next door, prominently placed within Nunawading's Retail strip this makes these properties a stand out with multiple options that could include leasing out individually, redeveloping (STCA) the entire site or owner occupier.
The combined properties feature:
* Zoning | Commercial 1
* Building area | 160m2 approximately
* Land area | 415m2 approximately
* Offered Vacant Possession
Property History for 159 Springvale Rd, Nunawading, VIC 3131
- 11 Dec 2023Sold for $1,500,000
- 04 Dec 2017Listed for Sale $900,000
- 04 Dec 2017Listed for Rent $1,700,000 / year
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About Nunawading 3131
The size of Nunawading is approximately 5.1 square kilometres. It has 23 parks covering nearly 4.1% of total area. The population of Nunawading in 2016 was 11876 people. By 2021 the population was 12413 showing a population growth of 4.5% in the area during that time. The predominant age group in Nunawading is 30-39 years. Households in Nunawading are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nunawading work in a professional occupation.In 2021, 66.60% of the homes in Nunawading were owner-occupied compared with 68.10% in 2016.
Nunawading has 7,064 properties. Over the last 5 years, Houses in Nunawading have seen a 7.15% increase in median value, while Units have seen a 9.98% increase. As at 31 March 2026:
- The median value for Houses in Nunawading is $1,206,036 while the median value for Units is $763,503.
- Houses have a median rent of $660 while Units have a median rent of $570.
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