79 Jolimont RoadForest Hill VIC 3131
Property Details for 79 Jolimont Rd, Forest Hill
79 Jolimont Rd, Forest Hill is a 2 bedroom, 2 bathroom Unit with 3 parking spaces and was built in 1985. The property has a land size of 174m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (November 2023)
Calling all keen developers, astute investors, or motivated buyers with a project in mind dont miss this rare opportunity to secure a versatile commercial/residential property with Commercial 1 Zoning (C1Z) under schedule DDO4. Rent to a business, work from home, or redevelop into a brand-new multi-storey dwelling (STCA) the choice is all yours!
The current property enjoys corner street frontage on approx. 174sqm of land, with approx. 84sqm of dedicated retail floor space in what is a highly rare and sought-after location to own commercial real estate. Adding to the appeal is the residential area Attached and included on the commercial Lease is a 2-bedroom dwelling attached to the property, offering a separate kitchen/meals area, a private bathroom/laundry and 2 large bedrooms upstairs so owner-occupiers can easily work from home and reside on the Premises!
Theres high foot/car traffic for fantastic exposure just opposite Parkmore Primary School, located within minutes drive of either The Glen Shopping Centre and Glen Waverley Station or Forest Hill Chase and nearby Nunawading Station. Major arterials bring even further traffic via Springvale Road, Burwood Highway, and the Eastern Freeway.
Opportunity is knocking for the astute investor, so call Harry Fares on 0458 766 958 or Filippa Ardolic on 0477 333 031 to register your interest today!
Property History for 79 Jolimont Rd, Forest Hill, VIC 3131
- 21 Jun 2023Sold for $800,000
- 11 Apr 2023Listed for Sale $790,000 - $869,000
- 25 Mar 2015Listed for Rent $14,604 / year
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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 5,426 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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