386-388 Springvale RoadForest Hill VIC 3131
Property Details for 386-388 Springvale Rd, Forest Hill
386-388 Springvale Rd, Forest Hill is a 3 bedroom, 1 bathroom House. The property has a land size of 1588m2. 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)
Destined for redevelopment, this huge parcel of vacant land measuring approx. 1588sqm offers an exciting opportunity in a premier growth suburb. With all the hard work done, there are endorsed plans and permit for five new architecturally designed townhouses, featuring a combination of floorplans for buyers to choose from.
Alternatively, the exceptional location and accessibility may attract those seeking a new site for a medical centre, restaurant, or childcare facility (STCA).
Promising a rewarding future with many lifestyle benefits, there are bus services to Nunawading Train Station and The Glen Shopping Centre, and a short distance from quality schooling and childcare, local parks, Nunawading Aqualink, Forest Hill Chase, and Burwood One with a 24-hour K-Mart. Enjoy proximity to Deakin University, the Eastern Freeway/EastLink, and Box Hill Central with a thriving shopping and dining district, and transport interchange.
Opportunities like this are incredibly rare, so be quick!
Property History for 386-388 Springvale Rd, Forest Hill, VIC 3131
- 20 Aug 2024Sold
- 24 Jul 2024Listed for Sale $1,600,000 - $1,760,000
- 27 Aug 2002Sold for $340,000
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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 5,427 properties. Over the last 5 years, Houses in Forest Hill have seen a 24.06% increase in median value, while Units have seen a 9.69% increase. As at 31 August 2024:
- The median value for Houses in Forest Hill is $1,127,012 while the median value for Units is $696,660.
- Houses have a median rent of $590 while Units have a median rent of $550.
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