161-163 Springvale RoadNunawading VIC 3131
Property Details for 161-163 Springvale Rd, Nunawading
Last Listing description (September 2023)
Gorman Allard Shelton is pleased to offer 161-167 Springvale Road, Nunawading for sale via Expression of Interest closing Thursday 24th August at 2pm.
Outstanding opportunity to acquire this prime corner development site surrounded by an abundance of lifestyle amenity and within close proximity to major arterial routes.
Key features of this opportunity include:
* Prime corner landholding of 1,003 sqm approx. on two titles
* Highly valuable Commercial 1 zoning
* Potential for medium density development (STCA) and uninterrupted 360-degree views
* Short-term income
* First time offered in 40 years
* Development scheme available upon request
* High exposure location suitable for future owner occupiers
Moments from the Whitehorse Road "Golden Mile" retail strip boasting excellent lifestyle amenity, the subject property is directly adjacent to the revamped Nunawading Train Station and walking distance to retail and lifestyle amenity within Station Street.
Property History for 161-163 Springvale Rd, Nunawading, VIC 3131
- 29 Aug 2023Sold for $2,035,000
- 24 Jul 2023Listed for Sale Contact Agent
- 09 Oct 2015Sold for $1,690,000
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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 7,110 properties. Over the last 5 years, Houses in Nunawading have seen a 19.92% increase in median value, while Units have seen a 14.69% increase. As at 31 January 2026:
- The median value for Houses in Nunawading is $1,235,808 while the median value for Units is $779,004.
- Houses have a median rent of $655 while Units have a median rent of $550.
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