3/25 Kemp Street, Springvale VIC 3171
3/25 Kemp Street, Springvale VIC 3171
This is a two-bedroom, one-bathroom unit from 1980 with 60 square metres of internal space on 72 square metres of land. It includes a private courtyard, one car space, air conditioning, and timber floorboards, and sits within a small six-property complex in Springvale zoned for Springvale Rise Primary and Wellington Secondary College.
The unit’s combination of a private courtyard and established floorboards adds character often missing in newer entry-level stock. Its placement within a small complex offers a lower-density feel while still benefiting from the suburb’s proximity to key amenities. School zoning for Springvale Rise and Wellington Secondary broadens its appeal to small families. The property is most suited to first-home buyers seeking an affordable foothold or investors attracted to the above-average rental yield typical of this price bracket in Springvale’s transitioning market. The lack of bushfire or flood overlays reduces holding concerns, and the NBN connection supports modern living needs.
The property’s age and compact 60-square-metre layout may limit its appeal to buyers seeking more space, and the 1980s finishes could require updating sooner rather than later. The small land component, while typical for units, might cap long-term capital growth compared to houses in the area. Market conditions in Springvale’s entry-level segment may influence sale price, as demand is sensitive to interest rate changes.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/25 Kemp Street, Springvale VIC 3171
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Springvale presents a compelling opportunity, anchored by its young, educated, and increasingly affluent demographic. Demand is driven by owner-occupiers and investors drawn to its established housing market, which has demonstrated robust capital growth, particularly for houses. The unit market offers relative affordability with stable yields. Future growth is supported by strong household income progression, though a divergence in performance between property types is a key market dynamic to monitor.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
85m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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