SOLD
Sold on 12 Mar 2024 for $1,830,000

1 Cherryl Street
Forest Hill VIC 3131

Bedrooms: 1
Bathrooms: 2
Car spaces: 2
Floor area: 241m2
Land area: 646m2
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Property Details for 1 Cherryl St, Forest Hill

1 Cherryl St, Forest Hill is a 1 bedroom, 2 bathroom House with 2 parking spaces and was built in 2022. The property has a land size of 646m2 and floor size of 241m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom House sold in Forest Hill in the last 12 months.

Building Type
House
Year Built
2022
Floor Size
241m2
Land Size
646m2
Local Government
Whitehorse
Lot/Plan
34/LP43600

Last Listing description (August 2021)

What a golden opportunity this is for renewal - an original 4-bedroom brick veneer on a flat rectangular 647sqms (approx.) site which is just begging for a modern makeover or redevelopment (STCA).

For those wanting an exciting renovation project, the home presents as the perfect blank canvas - with the rear two bedrooms and bathroom ready for an overhaul, and the front 2 bedrooms, kitchen and bathroom in liveable condition.

What you're buying into here is a magnificent investment opportunity in a great location - close to all the essential shopping and transport services including the 901 Smartbus, 765 bus to Box Hill, the Aqualink pool and Forest Hill Chase Shopping Centre and Hoyts cinema.
The court address offers a west facing frontage to draw in plenty of afternoon sun with plenty of yard space at the rear for potential extension (STCA) in this family friendly pocket close to Parkmore Primary, Emmaus College and village shops.

Property History for 1 Cherryl St, Forest Hill, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$1,830,000
12 Mar 2024
  • 12 Mar 2024
    Sold for $1,830,000
  • 16 Mar 2021
    Sold for $1,042,000
  • 12 Mar 2021
    Listed for Sale Under Contract
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About Forest Hill 3131

The size of Forest Hill is approximately 4.1 square kilometres. It has 12 parks covering nearly 8.5% of total area. The population of Forest Hill in 2011 was 10,051 people. By 2016 the population was 10,628 showing a population growth of 5.7% in the area during that time. The predominant age group in Forest Hill is 40-49 years. Households in Forest Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forest Hill work in a professional occupation. In 2011, 72.5% of the homes in Forest Hill were owner-occupied compared with 70.1% in 2016.

Forest Hill has 5,425 properties. Over the last 5 years, Houses in Forest Hill have seen a 30.60% increase in median value, while Units have seen a 12.88% increase. As at 31 July 2024:

  • The median value for Houses in Forest Hill is $1,146,130 while the median value for Units is $692,208.
  • Houses have a median rent of $580 while Units have a median rent of $550.
There are currently 16 properties listed for sale, and 5 properties listed for rent in Forest hill on OnTheHouse. According to CoreLogic's data, 194 properties were sold in the past 12 months in Forest hill.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.