111-117 Springvale Road, Springvale, VIC 3171 | Property Value & History | OnTheHouse
 
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111-117 Springvale Road
Springvale VIC 3171

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 894m2
Land area: 893m2
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Property Details for 111-117 Springvale Rd, Springvale

Building Type
Commercial
Year Built
2015
Floor Size
894m2
Land Size
893m2
Local Government
Greater Dandenong
Lot/Plan
1/PS509566

Last Listing description (September 2019)

CVA Property Consultants are pleased to offer for Private Sale this exceptional development opportunity located at  111 - 117 Springvale Road, Springvale. 
Prominently positioned with an impressive 24.5* metre frontage to Springvale Road and comprising a total land area of 893m2* with a favorable Commercial 1 Zoning and serviced via a rear lane way. Current improvements consist of four single level retail premises all with rear access. The subject property is offered with plans and permits for a four level mixed use development comprising 20 apartments and four ground floor retail premises. Including 18 two bedroom apartments and 2 three bedroom apartments.

Key Development Features Include: 

- 4-level modern mixed-use building
- 4 high ceiling retail shops, fronting high-exposure Springvale Road
- 20 spacious, contemporary, well-layout apartments all with 2 bathrooms and at least 10m2* of private balcony space
- 28 car parking spaces and 20 bike stands
- 6-metre wide back lane way allows east access to car park.
This property is surrounded by an abundance of retail amenities, 800* metres to Springvale Train Station and 3.7kms to Monash University. 
The median house price in Springvale is $765,000 (source REA)
For more information please contact CVA Property Consultants
*Approx
Pricing excludes GST.

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Property History for 111-117 Springvale Rd, Springvale, VIC 3171

A timeline of how this property has performed in the market
Last Sold
$2,920,000
19 Sep 2022
  • 19 Sep 2022
    Sold for $2,920,000
  • 23 Apr 2020
    Listed for Sale For further information contact Robbie Haber
  • 31 Jul 2018
    Listed for Sale CONTACT AGENT - OFFERS INVITED
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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 11,370 properties. Over the last 5 years, Houses in Springvale have seen a 18.84% increase in median value, while Units have seen a 19.17% increase. As at 31 December 2025:

  • The median value for Houses in Springvale is $981,004 while the median value for Units is $606,199.
  • Houses have a median rent of $580 while Units have a median rent of $540.
There are currently 58 properties listed for sale, and 31 properties listed for rent in Springvale on OnTheHouse. According to Cotality's data, 419 properties were sold in the past 12 months in Springvale.

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