570-572 Springvale Road, Springvale South, VIC 3172 | Property Value & History | OnTheHouse
OFF MARKET

570-572 Springvale Road
Springvale South VIC 3172

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 240m2
Land area: 1625m2
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Property Details for 570-572 Springvale Rd, Springvale South

Building Type
Commercial
Floor Size
240m2
Land Size
1625m2
Local Government
Greater Dandenong
Lot/Plan
5/LP140866

Last Listing description (October 2014)

Secure Investment with Development Potential
AUCTION - Thursday 24th July at 1pm Onsite
Fantastic opportunity to secure a long term tenant that has been at this site for over 40 years.

+ Securely leased to Greencross Vets (Public company Subsidiary)
+ Current net return of $63,636.22 pa + GST + Outgoings
+ 7 year first term with 2 further options of 5 years commencing 14th April 2014
+ Annual increases
+ Security Deposit plus parent company guarantee
+ Residential 1 Zoning
+ Future Development Potential (STCA)
Full Information Memorandum is available upon request with more detailed information.
Stuart Gill 0417 322 080
stuart@crabtrees.com.au
Chris McKenzie 0418 321 065
chris@crabtrees.com.au

Property History for 570-572 Springvale Rd, Springvale South, VIC 3172

A timeline of how this property has performed in the market
Last Sold
$1,380,000
11 Jul 2014
  • 11 Jul 2014
    Sold for $1,380,000
  • 18 Jun 2014
    Listed for Sale POA
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About Springvale South 3172

The size of Springvale South is approximately 4.5 square kilometres. It has 11 parks covering nearly 18.3% of total area. The population of Springvale South in 2016 was 12768 people. By 2021 the population was 12766 showing a population decline of 0.0% in the area during that time. The predominant age group in Springvale South is 20-29 years. Households in Springvale South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springvale South work in a labourer occupation.In 2021, 69.90% of the homes in Springvale South were owner-occupied compared with 71.10% in 2016.

Springvale South has 4,787 properties. Over the last 5 years, Houses in Springvale South have seen a 21.80% increase in median value, while Units have seen a 39.24% increase. As at 31 December 2025:

  • The median value for Houses in Springvale South is $891,612 while the median value for Units is $663,259.
  • Houses have a median rent of $598 while Units have a median rent of $550.
There are currently 10 properties listed for sale, and 4 properties listed for rent in Springvale south on OnTheHouse. According to Cotality's data, 164 properties were sold in the past 12 months in Springvale south.

Suburb Insights for Springvale South 3172

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.