8 Elm GroveSpringvale VIC 3171
Property Details for 8 Elm Gr, Springvale
8 Elm Gr, Springvale is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 652m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 2 bedroom House sold in Springvale in the last 12 months.
Last Listing description (July 2026)
Positioned in one of Springvale's most convenient and well-connected pockets, this exceptional property presents a rare opportunity to secure a substantial landholding with exciting future prospects. Whether you're looking to land bank, redevelop or expand your investment portfolio, the possibilities here are hard to ignore.
Currently leased to established tenants, the property provides immediate rental income while you plan for the future. With its generous allotment, this is an outstanding opportunity for developers and investors to capitalise on the growing demand for quality housing in this thriving suburb. Subject to council approval (STCA), the site offers excellent potential for a multi-unit or townhouse redevelopment, allowing you to maximise the value of this premium parcel.
Surrounded by established homes and ongoing residential development, the location continues to attract strong buyer and tenant demand, making it an ideal site to secure now and unlock its full potential in the years ahead.
Property Highlights:
Substantial landholding with exceptional redevelopment potential (STCA)
Currently leased, providing immediate holding income
Ideal land banking opportunity while planning future development
Existing dwelling offering flexibility for investors and developers
Positioned in an area experiencing continued residential growth
Location Highlights:
Walking distance to Springvale Central's vibrant shopping and dining precinct
Close to Springvale Train Station and multiple bus routes
Near local schools, medical facilities and everyday amenities
Minutes from Springvale Homemaker Centre and surrounding retail hubs
Easy access to Princes Highway, Monash Freeway and EastLink
With immediate rental returns, significant land value and exciting redevelopment potential (STCA), this is a compelling opportunity for developers, builders and investors looking to secure a blue-chip site in one of Melbourne's fastest-growing south-eastern suburbs.
For more Real Estate in Springvale, contact Coco Ma Real Estate TODAY!
Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers/tenants are requested to take such action as is necessary to satisfy themselves with any pertinent matters.
Property History for 8 Elm Gr, Springvale, VIC 3171
- 30 Jun 2026Listed for Sale $1,150,000 - $1,250,000
- 03 Sep 2025Sold for $1,100,000
- 07 Aug 2015Listed for Rent - Price not available
Recent sales nearby
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About Springvale 3171
The size of Springvale is approximately 11.0 square kilometres. There are 14 parks, covering nearly 3.8% of the 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 11,423 properties. Over the last 5 years, Houses in Springvale have seen a 4.85% increase in median value, while Units have seen a 13.54% increase. As at 30 June 2026:
- The median value for Houses in Springvale is $922,837 while the median value for Units is $627,585.
- Houses have a median rent of $600 while Units have a median rent of $550.
Suburb Insights for Springvale 3171
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