116/353 Springvale Road, Springvale, VIC 3171 | Property Value & History | OnTheHouse
 
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116/353 Springvale Road
Springvale VIC 3171

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 12 Jan 2026
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Property Details for 116/353 Springvale Rd, Springvale

116/353 Springvale Rd, Springvale is a 1 bedroom, 1 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Greater Dandenong

Last Listing description (April 2024)

Glen Waverley is a bustling suburb providing you access to plenty of nightlife, dining, shopping and more. With the Monash Aquatic Centre, Jells Park, Monash University Clayton Campus and the Monash Hospital all near Quest Glen Waverley, this is an excellent opportunity for an astute investor.
The apartment is an easy walk to the Kingsway entertainment precinct and the new The Glen Shopping Centre.

It features a galley style kitchen with stainless steel appliances and electric stove. The living lounge leads into the bedroom with built in wardrobe.

Lease Details:
Current rent: $26,116 per annum
*Returns: 6.6% Gross, 6.08 Net
Rent Increases: 4% annual increase
Market rent review: every 5 years (next review 2028)
4 further terms of 5 years each

* Note returns are estimates and do not include owner planned refurbishment under the lease and applicable government taxes.

Estimated Outgoings:
Council rates: 645 per annum
Water rates: $600 per annum
OC Admin Fund: Tenant pays Admin levies
OC Sinking Fund: $870 per annum
Applicable government taxes

Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.

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Property History for 116/353 Springvale Rd, Springvale, VIC 3171

A timeline of how this property has performed in the market
  • 19 Apr 2024
    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 11,371 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 33 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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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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