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1&2/45-47 Ellen Street, Springvale, VIC, 3171

Properties / Buy / Victoria / Springvale

Development Potential

1. Property Summary

Property Type

Residential

Sub Type

Apartment Sites, Townhouse Sites

Land Area

763 m² (*approx)

Selling Method

For Sale: $1,100,000 - $1,200,000

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2. Property Highlights

A treasure trove of potential on 763m2

Occupying a generously sized 763 square metre allotment, this pair of single-level units presents a gold mine of potential for renovators, investors, and developers alike. Bordering expansive Norman Luth Reserve, the possibilities here are exceptional.

Situated within the catchment zones of Westall Secondary College and Springvale Rise Primary School and within easy reach of prestigious educational institutions such as Killester College, Spring Parks Primary, and Keysborough College, it's a prime spot for families.

The site's prospects are limitless. You could unleash your creativity with a modern makeover on both units, keep one and flip the other, or retain both as lucrative investments. For those dreaming bigger, why not design your perfect family home with all the latest features, subject to council approval? Alternatively, ambitious developers might consider starting fresh with brand-new town residences, again subject to council approval.

Adding to the appeal is the close proximity to Springvale Shopping Centre, IKEA Homemaker Centre, Burden Park Reserve, Springvale Station and local bus stops. Offering both convenience and lifestyle, this property presents a rare chance to create something truly special.

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