2/47 Albert Avenue, Springvale VIC 3171

| 180sqm land in Springvale | 2-bed townhouse with 2 parking | $600k comp supports guide | Strong owner-occupied street | Auction June 6 | This property offers a rare configuration advantage in Springvale’s unit market: a 180sqm land component on a 100% owner-occupied street, with two parking spaces and a separate lounge. The recent $600,000 sale of unit 3/47 provides a solid, recent comp that directly supports the price guide, reducing valuation risk for a buyer. The property best suits an owner-occupier seeking a townhouse-style layout with more space than a typical apartment, or a buyer who values low turnover and stable street character over rental yield. The primary risk is the gap between the price guide ($580k–$630k) and the Domain estimate ($780k), which may overstate upside if the market does not heat further. The property requires inspection to confirm condition, as the 2013 sale date suggests possible deferred maintenance. Opportunity lies in the land-to-price ratio: at the guide’s upper end, the buyer pays for land and location, not finishes. Hold for medium-term capital growth in a suburb with 58% auction clearance and 47-day average days on market, or occupy for the space and parking advantage.