Property Details for 38 Royal Ave, Springvale
Last Listing description (February 2025)
ROYAL OPPORTUNITY IN RESIDENTIAL GROWTH ZONE
Strategically situated in Springvale's Residential Growth Zone, this 920sqm approx., level, rectangular allotment is certain to inspire your vision for the future with exciting scope to redevelop with multiple dwellings (STCA). Currently occupied by a classic family home, investors and builders may see value in renting out the existing dwelling whilst they pursue plans and permits (STCA). Situated to make the most of the surrounding amenities, with easy walking access to Springvale Shopping Centre, Springvale Market Square, Springvale Train Station, buses, Springvale Rise Primary, Killester College, Westall Secondary, Springvale Library and parkland. A short drive from Monash Uni, Sandown Racecourse, Ikea, Monash Medical Centre, Victorian Heart Hospital, M-City and access to EastLink and Monash Freeway.
Photo ID required at all open for inspections.
Property History for 38 Royal Ave, Springvale, VIC 3171
- 22 Feb 2025Sold for $1,815,000
- 11 Nov 2024Listed for Sale AUCTION THIS SATURDAY
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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 11,377 properties. Over the last 5 years, Houses in Springvale have seen a 17.05% increase in median value, while Units have seen a 18.72% increase. As at 31 January 2026:
- The median value for Houses in Springvale is $978,670 while the median value for Units is $609,084.
- Houses have a median rent of $580 while Units have a median rent of $540.
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