SOLD
Sold on 02 May 2024 for $1,590,000

5 Magnolia Drive
Forest Hill VIC 3131

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 260m2
Land area: 352m2
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Fletchers Blackburn
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Property Details for 5 Magnolia Dr, Forest Hill

5 Magnolia Dr, Forest Hill is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2013. The property has a land size of 352m2 and floor size of 260m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in Forest Hill in the last 12 months.

Building Type
House
Year Built
2013
Floor Size
260m2
Land Size
352m2
Local Government
Whitehorse
Lot/Plan
9/PS603661

Last Listing description (May 2024)

Developers ex-display home with 3 living areas, low maintenance garden and vaulted ceilings. Developer says sell!

Watch your family blossom in this lifestyle-centric four bedroom two bathroom residence, ideally situated in the highly sought-after Forest Ridge Estate.

A vision of contemporary prestige spread across two expansive levels, work from home successfully in the study and then entertain on any scale in the stunning multi-zone open living space. With a crackling gas log fire beside the lounge room and double French doors out to the sun-splashed alfresco deck from the family room, in between, the dining room sits alongside the gourmet kitchen featuring a stone island and fitted with stainless steel appliances.

Head upstairs to relax after a long day on the private balcony that accompanies the master bedroom with walk-in robe and dual-vanity ensuite.

On a quiet no-through road, enjoy the pleasant walk to Emmaus College, Burwood Heights Primary and Forest Hill College. Catch nearby buses to Forest Hill Chase, Nunawading and Glen Waverley train stations, The Glen Shopping Centre, and the tram to Deakin University and PLC.

* Contemporary four bedroom plus study residence
* On a no-through road in the Forest Ridge Estate
* Enormous entertaining zone flowing out to a sunny deck
* Powder room
* Ducted heating/air-conditioning, refrigerated cooling
* Double auto garage with internal entry
* Walk to excellent schools, buses and the tram
* Priced to sell. Ex display home.

Terms: 10% deposit, balance 60/90 days

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Property History for 5 Magnolia Dr, Forest Hill, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$1,590,000
02 May 2024
Listed for Rent
$800/w
16 Sep 2022
  • 02 May 2024
    Sold for $1,590,000
  • 19 Feb 2024
    Listed for Sale $1,598,000
  • 25 Jul 2022
    Listed for Rent $800 / week
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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.
There are currently 18 properties listed for sale, and 8 properties listed for rent in Forest hill on OnTheHouse. According to CoreLogic's data, 190 properties were sold in the past 12 months in Forest hill.

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