429 Springvale RoadForest Hill VIC 3131
Property Details for 429 Springvale Rd, Forest Hill
Last Listing description (August 2024)
Unlock the potential of this perfectly positioned 587sqm block in a sought-after neighbourhood, offering a clear canvas for your architectural aspirations. Whether you envision a modern family home or a charming retreat, this land promises the freedom to bring your dream to reality.
Situated within a serene setting, this regular-shaped block is a leisurely stroll from essential amenities and local attractions. Just steps away from Davy Lane Reserve, indulge in the joy of an off-leash dog area a perfect spot for your furry friends to play. Forest Hill Chase is nearby, offering a variety of shops, eateries, and services. Within walking distance to Parkmore Primary School, Forest Hill College, Emmaus College, and a short drive to major train stations and quick access to the Eastern Freeway, the location is an exceptional opportunity for growing families.
Property History for 429 Springvale Rd, Forest Hill, VIC 3131
- 12 Jul 2024Sold for $815,000
- 11 Jun 2024Listed for Sale Undisclosed
- 25 Nov 2022Listed for Sale 990,000
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0About 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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