5 Virginia StreetSpringvale VIC 3171
Property Details for 5 Virginia St, Springvale
5 Virginia St, Springvale is a 5 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 696m2. While the property is not currently for sale or for rent, it was last sold in December 2012.
Last Listing description (January 2013)
THE POTENTIAL IS MASSIVE
SET ON A GENEROUS CORNER SITE JUST 3 DOORS FROM SPRINGVALE ROAD SHOPS AND JUST 200M FROM SPRINGVALE STATION, THIS EXCLUSIVE REAL ESTATE OPPORTUNITY HAS THE POTENTIAL TO BE DEVELOPED INTO A MULTI-LEVEL APARTMENT BLOCK (SUBJECT TO COUNCIL APPROVAL) AND WILL APPEAL TO DEVELOPERS, BUILDERS AND INVESTORS. THE EXISTING, SUBSTANTIAL BRICK RESIDENCE OFFERS GREAT FAMILY-SIZED ACCOMMODATION WITH A GENEROUS 5 BEDROOMS AND 3 LIVING AREAS, ALL SURROUNDED BY AMPLE OUTDOOR SPACES AND EXCELLENT ON-SITE PARKING ACCESS FROM THE SIDE STREET. CURRENTLY LET AT $1,279 PCM ON A MONTH TO MONTH TENANCY. THE PROPERTY SITS ON A MASSIVE 696 SQ M OF LAND, MAKING IT A PERFECT CANDIDATE FOR REDEVELOPMENT. THE NEIGHBOURING PROPERTIES OF SIMILAR LAND SIZE HAVE ALREADY BEEN DEVELOPED INTO MULTI STOREY LUXURY APARTMENTS WITH OTHERS ON THE SAME STREET ALSO IN THE WORKS. TERM 10% DEPOSIT BALANCE 30/60 DAYS CONTACT LE HOA WYSHAM 0418 566 133
Property History for 5 Virginia St, Springvale, VIC 3171
- 01 Dec 2012Sold for $640,000
- 09 May 2012Listed for Sale Not Disclosed
- 13 Mar 2011Listed for Sale $400,000+
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 11,396 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.
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