127/114 Westall Road, Springvale VIC 3171

127/114 Westall Road, Springvale VIC 3171
This property is a two-bedroom one-bathroom apartment within the Lexington Gardens Retirement Village. It measures 57 square metres internally and includes one parking space. The unit features a modern open-plan layout with a balcony and dishwasher. The village is a gated community with landscaped grounds and resort-style amenities situated opposite Spring Valley Golf Club The competitive strength of this property is found in its position within a gated retirement village offering resort amenities and landscaped grounds. It is situated opposite Spring Valley Golf Club, enhancing its appeal for retirees who value a quiet green outlook. The modern open-plan layout and balcony provide comfortable low-maintenance living. In Springvale, where most housing consists of standalone homes on separate lots this unit presents a specialised alternative. The target buyer is a downsizer or retiree seeking security and convenience without land upkeep The value of this property may be influenced by its retirement classification and lack of private land title, potentially constraining appreciation. Age restrictions might narrow the buyer pool, though village amenities may compensate. The 57 square metre size may feel compact but is standard for this segment. Location opposite a golf course and near transport supports demand
Detailed Independent Property Report prepared  by PropCred Analyst team for 127/114 Westall Road, Springvale VIC 3171
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✓
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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

-

Land

57m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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