3 Maple Street, Springvale VIC 3171

1955 house | 836m² block | redevelopment zone | 3 bed 1 bath | 5-car parking This property is defined by its land size and zoning rather than the existing house. The 836m² block in General Residential Zone 3 is uncommon for Springvale, where most houses sit on smaller lots. The 1955 dwelling is basic with two split-system units and a single bathroom, meaning the value lies almost entirely in the land and its future potential. This house best serves a buyer looking to renovate a larger home or pursue a development pathway, as the existing structure offers limited modern comfort. The zoning and block size may support subdivision or townhouse development, but any redevelopment requires council approval and carries planning risk. The older dwelling likely needs significant updates, including possible electrical, plumbing, or structural work, which should be factored into the price. Rental demand is steady given the location near transport and shopping, but the current house may not attract premium tenants without upgrades. A buyer should weigh the cost of holding the property as-is against the potential uplift from redevelopment.