205/114 Westall Road, Springvale VIC 3171

205/114 Westall Road, Springvale VIC 3171
57 square metre two bedroom one bathroom apartment with one secure car space in Lexington Gardens retirement village, beautifully refurbished. Located between Westall and Springvale stations opposite Spring Valley Golf Club. This property is competitively positioned as a larger refurbished two bedroom unit within a sought-after retirement village, where most comparable units are either smaller one bedroom configurations or unrenovated stock. Its location between two train stations and near Monash Medical Centre gives it strong appeal for downsizers wanting transport access and healthcare proximity without sacrificing a tranquil garden setting. The property serves best retirees or older couples seeking a turnkey home with community amenities and gated security, where the refurbished condition eliminates immediate upgrade costs that standard units in the village typically require. The leasehold structure with entry contributions and exit fees may materially affect resale value and liquidity compared to freehold property, so understanding the village contract terms is essential. The significantly higher price point than other units in the same village might reflect the refurbishment premium but could also narrow the buyer pool. Floor level is not confirmed, which may influence light quality and accessibility preferences for older buyers. School catchment boundaries for this address require independent verification as they are not specified in available data.
Detailed Independent Property Report prepared  by PropCred Analyst team for 205/114 Westall Road, Springvale VIC 3171
Checks found:
Value Risk ! 1
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ! 1
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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

57m²

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