2/22 Turner Close, Springvale VIC 3171
2/22 Turner Close, Springvale VIC 3171
2-bed unit with generous 92mยฒ internal area | 264mยฒ lot suggests villa-style layout | Wellington Secondary College catchment | Above-median size for its type in Springvale
This unit stands out for its unusually spacious internal area of 92 square metres, which is substantially larger than the typical two-bedroom unit in Springvale. Combined with a 264-square-metre lot, the configuration implies a villa-style dwelling with its own land rather than a standard apartment, giving it a scarcity edge in a market where most units are smaller. The property sits within the Wellington Secondary College catchment, a practical advantage for family-oriented buyers or investors targeting tenants with school preferences. First-home buyers and downsizers are likely to find this format appealing because it offers more room than comparable units while remaining at a lower price point than detached houses in the area.
The last recorded transaction in August 2016 at $480,000 provides a historical baseline, but the current estimated range suggests meaningful value growth over that period. What may influence the eventual sale price are the unverified details around building age, interior condition, and finishes, as these factors could justify a premium or require a discount. The lack of confirmed aspect or floor level also means the property’s orientation and natural light remain unknown, which might affect its appeal to certain buyers. Any buyer should factor in the cost of potential upgrades or renovations when forming a view on price, given the property’s age is not stated.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2/22 Turner Close, Springvale VIC 3171
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.