Springvale at a glance
24,563
People
$954,000
Median sale
$518/wk
Median rent
2.82%
Suburb gross yield
Median sale from 104 recorded sales (last 12 months) — a Districts calculation.
VIC › Springvale › Lewis St
$850,000
Last sold
17 July 2026
3
Bedrooms
2
Bathrooms
4
Car spaces
664 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$850,000
17 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Springvale (last 5 years) with land size have a median of $1,600/m² of land (n=78). Districts calculation from recorded sales — not a valuation.
Springvale at a glance
24,563
People
$954,000
Median sale
$518/wk
Median rent
2.82%
Suburb gross yield
Median sale from 104 recorded sales (last 12 months) — a Districts calculation.
Vs Springvale
-10.9%
Median sale
Suburb $954,000
+0.35 pp
Gross yield
Suburb 2.82%
Suburb median $954,000 from 104 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $518/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Springvale at a glance
24,563
People
$954,000
Median sale
$518/wk
Median rent
2.82%
Suburb gross yield
Median sale from 104 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist VictoriaIt's Addressed:
Occupying a substantial 664m² (approx.) corner allotment in one of Springvale’s most sought-after and well-connected pockets, this property presents an exceptional opportunity for developers, investors, builders and families looking to secure a prime parcel of land with outstanding future potential.
The property features a well-maintained residence comprising three bedrooms, two bathrooms and parking for up to four vehicles, offering comfortable accommodation with immediate appeal. Designed for flexible family living, the home is equipped with two kitchens, making it ideal for multi-generational households or those seeking additional functionality. Adding further versatility is a fully self-contained studio at the rear, complete with its own bedroom, bathroom and living space, making it ideal for extended family, guest accommodation, a home office, or additional rental income.
Enhancing the home's comfort and efficiency are three split-system air conditioners, wall heating, a modern heat pump hot water system, and an impressive 5.5kW solar system paired with a 28.8kWh battery setup, helping to reduce energy costs while supporting sustainable living.
While the existing improvements provide excellent flexibility and functionality, the true value lies in the land and the opportunities it presents. Whether you're looking to renovate, lease out, build your dream home, undertake a knockdown and rebuild project, or explore redevelopment opportunities on this highly desirable corner allotment (STCA), the possibilities are extensive.
Positioned within walking distance to Springvale Shopping Centre, Springvale Station, local parks, cafes and restaurants, the property also enjoys easy access to quality schools, public transport and major arterial roads, making it a highly attractive prospect for both homeowners and investors alike.
Corner allotments of this size in such a central location are becoming increasingly difficult to secure. Combining immediate liveability with exceptional development potential and long-term growth prospects, this is an opportunity not to be missed.
Property Highlights:
- 664m² (approx.) corner allotment
- Three bedrooms and two bathrooms
- Two kitchens offering flexible family living
- Separate self-contained rear studio with its own bedroom and bathroom
- Parking for up to four vehicles
- Three split-system air conditioners
- Wall heating
- Heat pump hot water system
- 5.5kW solar panel system with 28.8kWh battery storage
- Exceptional knockdown and rebuild opportunity
- Ideal site for redevelopment or multi-dwelling project (STCA)
- Prime corner position with flexible future potential
- Strong investment with multiple income possibilities
- Walk to Springvale Shopping Centre and Springvale Station
- Close to schools, parks, cafes, restaurants and public transport
A rare opportunity to secure a substantial corner landholding in one of Springvale's most tightly held and high-demand locations.
*** Photo ID required for all inspections ***
For more Real Estate in Springvale, contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary to satisfy themselves with any pertinent matters.
Listing description written by Linna Wu, Area Specialist Victoria — reproduced as published, not verified by Districts.
Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.