1-8/10 Albert Ave, Springvale, VIC 3171 | Property Value & History | OnTheHouse
 
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1-8/10 Albert Ave
Springvale VIC 3171

Bedrooms: 16
Bathrooms: 8
Car spaces: 8
Land area: 854m2
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Last updated 9 Mar 2026
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Property Details for 1-8/10 Albert Ave, Springvale

1-8/10 Albert Ave, Springvale is a 16 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 854m2.

Building Type
Unit
Land Size
854m2
Local Government
Greater Dandenong

Last Listing description (May 2024)

Investors ? this is a property that will definitely appeal! This entire complex comprises 8 apartments all currently leased and returning $136,760 p.a.

Current rents vary from $300pw to $350pw. With potential rental estimates in the current market conditions between $350-$370pw, this would provide an annual potential return of $145,600 - $153,920. This translates to a significant return on investment!

The apartment complex is solidly constructed and comprises 8 two-bedroom dwellings. With spacious layouts comprising separate kitchen meals area with modernized cabinetry, a comfortable formal lounge and two generous bedrooms both with built in robes.

Constructed with solid brick, this complex is as solid as a rock and very robust as a rental property with very little maintenance requirements.

Located on a great rectangular allotment of 854m2 approx., it is situated in a premiere position in Springvale, nestled in a quiet street behind the famous Springvale market, and within short walking distance to all central facilities and the station.

In this location tenants are always readily assured, providing very low vacancy and maintaining a steady and reliable income stream.

Hunting for a great rental earner or a suitable place to invest your superannuation for the future. This definitely has the ingredients that tick all the boxes.
Be sure to contact us for further information.

Photo I.D. required at all inspections.

DISCLAIMER:
The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.

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Property History for 1-8/10 Albert Ave, Springvale, VIC 3171

A timeline of how this property has performed in the market
  • 21 Nov 2023
    Listed for Sale Not Disclosed
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About Springvale 3171

The size of Springvale is approximately 11.0 square kilometres. It has 14 parks covering nearly 3.8% of total area. The population of Springvale in 2016 was 21714 people. By 2021 the population was 22174 showing a population growth of 2.1% in the area during that time. The predominant age group in Springvale is 20-29 years. Households in Springvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale work in a labourer occupation.In 2021, 54.70% of the homes in Springvale were owner-occupied compared with 56.20% in 2016.

Springvale has 11,394 properties. Over the last 5 years, Houses in Springvale have seen a 15.46% increase in median value, while Units have seen a 20.76% increase. As at 28 February 2026:

  • The median value for Houses in Springvale is $974,778 while the median value for Units is $627,844.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 68 properties listed for sale, and 37 properties listed for rent in Springvale on OnTheHouse. According to Cotality's data, 415 properties were sold in the past 12 months in Springvale.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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