18 Wales Street, Springvale, Vic 3171

$1,200,000 to $1,320,000

House
Type
4
Bedrooms
3
Bathrooms
2
Parkings

Published on Tuesday, March 17, 2026 ( See property details for 18 Wales Street, Springvale, Vic 3171)

$1,200,000 to $1,320,000

Harvey Nhan Director / Licensed Estate Agent
Vinh Brian Huynh Sales Consultant / Licensed Estate Agent
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile family home on a large block with approved development plans, offering excellent investment and lifestyle opportunities in Springvale.

🏡 Property Highlights

  • Prime development opportunity with approved plans for four double storey townhouses
  • Large 696sqm block in a convenient location within walking distance to Springvale Station and shops
  • Potential for strong rental income of approximately $4,800 per month
  • Spacious family home featuring 5 bedrooms and 3 bathrooms
  • Well-appointed kitchen with meals area and floorboards in all bedrooms
  • Excellent location close to Springvale shopping centre, Monash University, parks, and major highways

✨ Key Features

  • Air Conditioning
  • Built-in Robes
  • Open-Plan Living
  • Ensuite
  • Outdoor Area
  • Garage
  • Floorboards
  • Split System Air Conditioning
  • Ample Parking
  • Development Plans

Springvale is a vibrant suburb renowned for its multicultural community, excellent shopping and dining options, and convenient access to public transport and major highways. It offers a family-friendly environment with parks, recreational facilities, and proximity to educational institutions like Monash University. The area is ideal for both homeowners and investors seeking growth potential and lifestyle convenience.

What is the current condition of the property and are there any renovations needed?
The property is well-maintained with modern features such as floorboards and split system air conditioning, and is move-in ready while also offering development potential with approved plans.
What are the zoning and development restrictions for this property?
The property has approved plans to build four double storey townhouses, subject to council approval and compliance with local zoning regulations.
Are there any additional costs or fees associated with the development plans?
Additional costs may include council fees, construction costs, and any required permits. It is recommended to consult with a local planning expert for detailed estimates.
What is the rental yield and potential return on investment?
The property offers an estimated rental return of approximately $4,800 per month, making it an attractive investment opportunity.
Is there any nearby construction or planned developments that could impact the property?
Current information indicates approved development plans for the property itself; potential nearby developments should be verified with local council for any future projects.
Are there any hidden costs or ongoing fees associated with the property or development plans? Has the property been inspected for structural issues or defects? Are there any zoning restrictions or easements that could affect future development? Is the property located in a flood or bushfire-prone area? Are there any strata or body corporate fees applicable if the property is part of a community title?

18 Wales Street, Springvale, Vic 3171 - More Details

$1,200,000 to $1,320,000

Type
House
Bedrooms
4
Bathrooms
3
Parkings
2

Price guide

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