3/16 Springfield Avenue, Toorak VIC 3142

2-bed Toorak apartment | quiet Springfield Avenue address | building with $900k+ unit sales | established prestige suburb This property sits within a well-regarded Toorak apartment building, where recent unit sales at $900,000 provide a credible benchmark for market value. The 2-bedroom configuration suits the strong owner-occupier demand in this prestige suburb, and the 2015 purchase price of $720,000 signals a history of capital growth consistent with the area. For a buyer seeking a foothold in Toorak without the cost of a house, this unit offers a competitively positioned entry point into a tightly held location with good school zoning and transport access. The primary risk is the data inconsistency across sources, which may indicate a less straightforward unit mix or building management issues that a buyer should verify through inspection and strata records. The absence of parking details or renovation status in available data means these factors could materially affect the property’s value relative to building comparables. Opportunity lies in the building’s demonstrated $900,000 sale level, suggesting potential for further appreciation in a strong market. Hold this property for medium-term capital growth, or use as a solid base for future upsize within Toorak.