31 Romoly DriveForest Hill VIC 3131
Property Details for 31 Romoly Dr, Forest Hill
31 Romoly Dr, Forest Hill is a 3 bedroom, 2 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Forest Hill in the last 12 months.
Last Listing description (August 2024)
Hidden in one of Forest Hill’s finest residential pockets, this 602 sqm (approx) landholding is a tremendous opportunity to redefine the streetscape with plans & permits already in place for two luxury four-bedroom/three-bathroom townhouses.
Located in a residential growth zone and with clear development precedence, the area will respond well to the injection of capital this project will provide. While plans & permits are already in place, future purchasers are free to pursue their own creative vision within the current building envelope.
Prestigiously positioned, the property places Mahoney’s Road sports fields, Burwood Heights Primary, and Emmaus College within immediate reach, and it boasts easy-access to Forest Hill SC, Nunawading Aqualink, East Burwood sports fields, Vermont South SC, Burwood One SC, and the 75-tram line into the city.
● Plans & permits in place for two luxury townhouses
● 602 sqm (approx) landholding
● Blue-chip residential enclave
● Opportunity to redefine the streetscape
Property History for 31 Romoly Dr, Forest Hill, VIC 3131
- 03 Aug 2024Sold for $1,150,500
- 04 Jul 2024Listed for Sale $950,000 - $1,045,000
- 25 Feb 2008Sold for $456,000
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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 5,433 properties. Over the last 5 years, Houses in Forest Hill have seen a 16.94% increase in median value, while Units have seen a 13.10% increase. As at 31 October 2024:
- The median value for Houses in Forest Hill is $1,135,699 while the median value for Units is $746,766.
- Houses have a median rent of $595 while Units have a median rent of $573.
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