RateMyAgentGo to search
Back 5 Elm Grove
Off Market

5 Elm Grove

Springvale VIC 3171

3
1
2
673 m²
House
Last sold for $980,000
Coco MaCoco Ma, last sold this property on 12 April 2026 after 73 days on market.

Overview

Prime Springvale Development Opportunity

An increasingly rare opportunity in the heart of Springvale Central, 5 Elm Grove presents a standout development prospect on a generous rectangular allotment of approximately 673 square metres. Positioned in one of Springvale’s most tightly held and high-demand locations, this site offers exceptional scope for redevelopment or multi-townhouse potential, subject to council approval. The flat, usable block and premium location make it an ideal project for developers, builders and investors seeking strong future returns. The existing three-bedroom home provides holding income or short-term accommodation while plans are prepared, adding flexibility and value from day one. With Springvale Central, the train station, local schools and major amenities all within walking distance, demand for new dwellings in this location remains consistently strong. Opportunities of this size, position and potential are becoming harder to secure. This is a land purchase driven by location, convenience and long-term upside. Secure your next development project in one of Springvale’s most strategic growth pockets. Presented with pride by Coco Ma Real Estate. PROPERTY HIGHLIGHTS • Approximate land size of 673 square metres • Rectangular allotment ideal for redevelopment • Prime Springvale Central location • Strong potential for multi-townhouse development, subject to council approval • Existing three-bedroom dwelling offering holding income • Walking distance to Springvale Central, train station and schools • Close to shops, transport and major arterial roads • High demand area with strong resale and rental appeal For more Real Estate in Springvale, contact Coco Ma Real Estate TODAY! Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers/tenants are requested to take such action as is necessary to satisfy themselves with any pertinent matters.

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
673 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Springvale over the last 12 months, the estimated median property value of 5 Elm Grove is $938k.

Median value
$938k
Estimated value range
$640k - $1.6m
Median days on market
26
Estimated value trend
10%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Springvale. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5 Elm Grove

2026
Sold
$980,000
12 Apr 2026 by Coco Ma, of Coco Ma Real Estate
2024
Rented
Undisclosed
Leased on 23 Apr 2024 by Mandy Lee Real Estate
2021
Rented
Undisclosed
Leased on 06 Mar 2021 by Mandy Lee Real Estate

Happy sellers in Springvale

86%
86% of sellers in Springvale reported that their sale price either exceeded or met their price expectations.

Springvale stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 53 reviews in Springvale over the last 12 months.

Local market activity for 3 bedroom houses in Springvale

In the last 12 months, 82 three-bedroom houses similar to 5 Elm Grove, have been sold.

This represents a 10% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Springvale

placeholder
Coco Ma

Sellers who recommend Coco Ma have praised them for being local expert, clear communication, responsive, supportive, friendly, reliable and great negotiation

  •   5   (713 reviews)
  •  12 Reviews in Springvale
  •  20 Sales in Springvale
View profile
placeholder
Tim Stickley

Sellers who recommend Tim Stickley have praised them for being clear communication, local expert, honest, supportive, reliable, responsive and great negotiation

  •   4.9   (281 reviews)
  •  9 Reviews in Springvale
  •  10 Sales in Springvale
View profile
placeholder
Art Sudharm

Sellers who recommend Art Sudharm have praised them for being clear communication, local expert, responsive, supportive, friendly, reliable and hard-working

  •   4.9   (398 reviews)
  •  7 Reviews in Springvale
  •  8 Sales in Springvale
View profile
placeholder
Sean Lin

Sean Lin is a recommended agent for Springvale.  They have 7 local sales and collected 6 local reviews across the last 12 months.

  •   5   (12 reviews)
  •  6 Reviews in Springvale
  •  7 Sales in Springvale
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap