134 Spring Gully RoadSpring Gully VIC 3550
Property Details for 134 Spring Gully Rd, Spring Gully
Last Listing description (November 2014)
MAXIMIZE THE POTENTIAL
AUCTION:
6TH December 2014 @ 11.00AM onsite
10% Deposit - balance 60/90 days
With a prime location on Spring Gully Road and a Zoning of Commercial 2, this property has potential for numerous commercial pursuits and features a very solid brick home.
It could have a continued use as a milk bar / takeaway store or has potential to be converted into a delightful sit down cafe with indoor and al fresco dining. There is a large shop front with cooking area and with room for seating. The building also features 4 bedrooms, a formal lounge as well as a very large indoor storage area which could easily be converted into a second living area.
The block is approximately 1,014M2 and also features a near new shed of colorbond construction which is approx. 24ft x 40ft. Overall, a very solid well built residential / business home with huge potential for future use.
Property History for 134 Spring Gully Rd, Spring Gully, VIC 3550
- 09 Jun 2015Sold for $550,000
- 07 Nov 2014Listed for Sale Not Disclosed
- 02 Oct 2002Sold for $150,000
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About Spring Gully 3550
The size of Spring Gully is approximately 7.8 square kilometres. It has 17 parks covering nearly 38.7% of total area. The population of Spring Gully in 2016 was 3000 people. By 2021 the population was 3092 showing a population growth of 3.1% in the area during that time. The predominant age group in Spring Gully is 10-19 years. Households in Spring Gully are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Spring Gully work in a professional occupation.In 2021, 76.00% of the homes in Spring Gully were owner-occupied compared with 73.00% in 2016.
Spring Gully has 1,664 properties. Over the last 5 years, Houses in Spring Gully have seen a 47.87% increase in median value, while Units have seen a 45.08% increase. As at 30 November 2025:
- The median value for Houses in Spring Gully is $698,667 while the median value for Units is $430,569.
- Houses have a median rent of $480 while Units have a median rent of $410.
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