18 Royal Avenue

Springvale VIC 3171

988 m²

Apartment

Currently for sale - view listing

Overview

Prime Development Opportunity Residential Growth Zone

Positioned in the most sought after location of prime central Springvale, this exceptional real estate opportunity presents a rare chance for developers, business operators, and savvy investors alike. Zoned Residential Growth Zone (high-density), the site offers outstanding flexibility for future use, including the potential to develop townhouses or apartments (STCA), or establish a medical practice, clinic, or other commercial-style operation (subject to council approval). With unrivalled convenience, the property is surrounded by a thriving mix of retail, business precincts, public transport including Springvale train station, as well as schools and essential amenities all within walking distance. This high-exposure location ensures strong long-term demand and excellent connectivity, making it an ideal holding or redevelopment site. The existing residence comprises four well-proportioned bedrooms, a spacious and light-filled lounge area, and a functional, well-equipped kitchen adjoining a generous dining space. Two bathrooms service the home, offering practicality for family living or interim rental income while future plans are considered. Whether you are looking to landbank, develop, or occupy, this is a blue-chip Springvale opportunity with significant upside in a rapidly evolving growth corridor.