57 Burden Street, Springvale VIC 3171

Brand new townhome | 650m² land in Springvale | Westall school zone | strong 5G and no overlays This property presents a rare configuration edge in Springvale: a brand new townhome on a full 650m² lot, which is uncommon for new infill developments. The four bedrooms and three bathrooms across two levels suit a family or investor targeting dual-income tenants, and the separate driveway and secure garage offer genuine privacy over typical attached product. Being in the Westall school catchment and free of bushfire, flood or heritage overlays reduces friction for both owner-occupiers and lenders. The buyer who secures this holds a position that is scarce—new stock on a generous parcel in a corridor where land is being subdivided into smaller lots. The primary risk is the price gap. Recent estimates sit around $944,000 to $980,000, but the vendor is asking $1,000,000 to $1,100,000, which may reflect the cost of the rebuild rather than market comps. The property sold as a three-bedroom house for a lower figure in early 2024, so the uplift is entirely in the new structure. The buyer should verify build quality and check if the floorplan suits their needs—114m² previously recorded suggests the new footprint may still be compact for four bedrooms. The opportunity is in the land holding: 650m² in a growth LGA with good mobile coverage and no overlay constraints offers medium-term redevelopment optionality. Hold for rental yield or occupy and let the land appreciate.