18 Royal Avenue
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About this property
Positioned in the most sought after location of prime central Springvale, this exceptional real estate opportunity presents a rare chance for developers, business operators, and savvy investors alike. Zoned Residential Growth Zone (high-density), the site offers outstanding flexibility for future use, including the potential to develop townhouses or apartments (STCA), or establish a medical practice, clinic, or other commercial-style operation (subject to council approval). With unrivalled convenience, the property is surrounded by a thriving mix of retail, business precincts, public transport including Springvale train station, as well as schools and essential amenities all within walking distance. This high-exposure location ensures strong long-term demand and excellent connectivity, making it an ideal holding or redevelopment site. The existing residence comprises four well-proportioned bedrooms, a spacious and light-filled lounge area, and a functional, well-equipped kitchen adjoining a generous dining space. Two bathrooms service the home, offering practicality for family living or interim rental income while future plans are considered. Whether you are looking to landbank, develop, or occupy, this is a blue-chip Springvale opportunity with significant upside in a rapidly evolving growth corridor.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 2
- Parking
- 4
- Land Area
- 988 m²
- Listed
- 1 month ago
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Neighbourhood
Living in Springvale
This 4-bedroom house in Springvale, VIC 3171 sits within reach of public transport, local shops and nearby schools. It is listed 131% above the $819,000 median of 73 comparable houseswithin 5 km.
Schools near Springvale
- Minaret Collegecombined · Prep-12 · CoEd
- Heatherhill Primary Schoolprimary · Prep-6 · CoEd
- Spring Parks Primary Schoolprimary · Prep-6 · CoEd
- Springvale Rise Primary Schoolprimary · Prep-6 · CoEd
- Killester Collegesecondary · 7-12 · Girls
What's nearby
- Springvale 2 (train) — 478 m away
- Mobility Aids — 1.8 km away
- Davis Reserve — 980 m away
- Warner Reserve — 1.1 km away
- Unnamed — 1.5 km away
Springvale at a glance
Full suburb profile- Population
- 22,174
- Median age
- 36
- Household income
- $1,402/wk
- Median rent
- $357/wk
- Median mortgage
- $1,750/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Springvale price trend
Median sold · House 4 bed
Compound growth +4.3% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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