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1-8/10 Albert Avenue, Springvale, Vic 3171 For Sale
1-8/10 Albert Avenue, Springvale, Vic 3171 1-8/10 Albert Avenue, Springvale, Vic 3171-Image 1-8/10 Albert Avenue, Springvale, Vic 3171-Image 1-8/10 Albert Avenue, Springvale, Vic 3171-Image 1-8/10 Albert Avenue, Springvale, Vic 3171-Image 1-8/10 Albert Avenue, Springvale, Vic 3171-Image

1-8/10 Albert Avenue, Springvale, Vic 3171

$2,300,000 - $2,500,000

Block Of Units
Type
16
Bedrooms
8
Bathrooms
8
Parkings
849 m²
Area

Published on Friday, October 23, 2026 ( See property details for 1-8/10 Albert Avenue, Springvale, Vic 3171)

$2,300,000 - $2,500,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

An exceptional investment opportunity to acquire a fully tenanted apartment complex with redevelopment potential in a highly sought-after Springvale location.

🏡 Property Highlights

  • Rare opportunity to acquire an entire apartment complex in Springvale
  • Substantial 849m² allotment with redevelopment potential (STCA)
  • Eight well-maintained units generating approximately $160,000 annual rental income
  • Prime location close to Springvale Shopping Centre, Springvale Station, and local schools
  • Excellent connectivity via Princes Highway and M1 Freeway
  • Immediate income stream with long-term redevelopment prospects

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Secure Parking
  • Waterfront / Views
  • Fully fenced
  • Water tank
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Pet-Friendly

Springvale is a vibrant and highly sought-after suburb renowned for its diverse community, excellent amenities, and strong transport links. Key features include proximity to shopping centres, reputable schools, and easy access to major highways. The area offers a balanced lifestyle with a mix of residential comfort and convenient urban living, making it an ideal location for both investors and families. Its established infrastructure and ongoing development ensure long-term growth and value appreciation.

What is the current rental income and occupancy status?
The property is fully tenanted, generating approximately $160,000 annually.
Are there any redevelopment restrictions or approvals required?
Potential redevelopment is subject to STCA (Subject To Council Approval), and buyers should verify local zoning and planning regulations.
What are the future development possibilities for the site?
The substantial 849m² allotment offers potential for contemporary redevelopment, subject to council approval.
Are there any known issues or defects with the property?
The units are well-maintained; however, prospective buyers should conduct their own inspections for detailed condition assessments.
What are the zoning and planning restrictions for this property?
The property is on a single title with potential for redevelopment, but specific zoning details should be confirmed with local council.
Are there any hidden costs or upcoming maintenance expenses associated with the units? Has the property been affected by any recent planning or zoning changes? Are there any easements, covenants, or restrictions on the land that could impact redevelopment? What is the history of any disputes or issues with tenants or neighbours? Are there any environmental or flood risks in the area that could affect future use or value? Is there any ongoing or planned construction nearby that could impact the property? What are the strata or body corporate arrangements, if applicable? Are there any outstanding council or utility charges on the property? Has the property been inspected for pests, structural issues, or other defects? What are the long-term plans for infrastructure or community development in the area?

1-8/10 Albert Avenue, Springvale, Vic 3171 - More Details

$2,300,000 - $2,500,000

An exceptionally rare opportunity to secure an entire apartment complex in one of Springvale’s most sought-after pockets, this substantial investment presents the scale, income and future potential that seldom come to market in one offering. Comprising eight well-maintained units, each with two bedrooms, one bathroom and off-street parking, all on one title. The property is currently fully tenanted, generating an annual rental income of approximately $160,000. Investors can capitalise on an established income stream while considering the longer-term possibilities offered by the substantial 849m² (approx.) allotment, including the prospect of a contemporary redevelopment (STCA).

Beyond the immediate returns, the location provides a compelling foundation for future value. Just a short walk from the vibrant heart of Springvale, residents enjoy easy access to an extensive selection of shops, cafes, restaurants and everyday essentials at Springvale Shopping Centre, along with Springvale Station just 800 metres away. Springvale Reserve, a reliable bus network, Springvale Rise Primary School and St Joseph’s Catholic Primary School are also within easy walking reach, while proximity to Westall Secondary College, Killester College, Minaret College, Monash University, Springvale Homemaker Centre and M-City Shopping Centre further strengthens its investment credentials.

Easy access to Princes Highway and the M1 Freeway enhances the property’s appeal, providing convenient connections to surrounding suburbs and Melbourne’s wider transport network.

Opportunities to acquire eight income-producing apartments on a single substantial parcel of land in such a tightly held location are exceptionally uncommon. Whether the strategy is to retain a proven rental asset, explore future redevelopment potential or secure a significant foothold in one of Melbourne’s established residential hubs, this is an offering with both immediate income and long-term possibilities.










Disclaimer: In preparing this document, we have made every effort to ensure the information provided is accurate and reliable. However, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements contained herein. Some images may have been virtually styled or digitally enhanced for illustrative purposes. Prospective purchasers are encouraged to conduct their own enquiries to verify the information provided. Purchasers should also refer to the due diligence checklist available from Consumer Affairs: https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence.
Type
Block Of Units
Bedrooms
16
Bathrooms
8
Parkings
8
Area
849 m²

Price guide

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

We do not hold a school zone outline for this address. That does not mean it has no zoned school: use the education department’s school finder to check.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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