884 Princes HighwaySpringvale VIC 3171
Property Details for 884 Princes Hwy, Springvale
Last Listing description (November 2014)
Excellent opportunity to secure this high exposure property with General Residential 1 zoning. Currently trading as an Italian restaurant, it offers many uses, such as medical, as well as development potential (STCA).
- Total land area 729m2 approx.
- Total building area 150m2 approx.
- All relevant permits in place
- Selling due to retirement
AUCTION Thursday 16th October 2014 @ 1:00pm - On Site (unless sold prior)
Paul Rizzo 0418 688 888
Ryan Amler 0401 971 622
Property History for 884 Princes Hwy, Springvale, VIC 3171
- 09 Nov 2019Sold for $950,000
- 30 Sep 2014Sold for $770,000
- 12 Sep 2014Listed for Sale AUCTION
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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 11,370 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.
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