5 Royal AvenueSpringvale VIC 3171
Property Details for 5 Royal Ave, Springvale
Last Listing description (November 2023)
An opportunity to secure an allotment only minutes away from Springvale Railway station or Springvale Central is rare.
Close to the vibrant community hub of Springvale this block is ideally located for major redevelopment as multi storey residential dwellings, professional office suite, or other community orientated building. (STCA) Springvale hosts a number of events during the year with the most famous being the Lunar New year festival and the annual Snowfest the last weekend of July.
5 Royal Ave is a 3-bedroom home with a 19.2m frontage and an approx. depth of 45.7m and is currently leased at $1651/month. (RGZ2)
If you're a builder or developer you will be hard pressed to find another opportunity like this so contact our office today or Theresa Huynh on 0450 551 959 to find out more.
Property History for 5 Royal Ave, Springvale, VIC 3171
- 03 Jul 2024Sold for $1,631,850
- 08 Nov 2021Listed for Sale P.O.A.
- 09 Sep 2019Listed for Rent $370 / week
Recent sales nearby
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0About 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 11,391 properties. Over the last 5 years, Houses in Springvale have seen a 11.49% increase in median value, while Units have seen a 13.12% increase. As at 31 March 2026:
- The median value for Houses in Springvale is $949,199 while the median value for Units is $604,487.
- Houses have a median rent of $600 while Units have a median rent of $550.
Suburb Insights for Springvale 3171
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