122 Mahoneys Road, Forest Hill, VIC 3131 | House for sale | OnTheHouse
 
FOR SALE
$1,300,000~$1,400,000

122 Mahoneys Road
Forest Hill VIC 3131

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 850m2
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Prime Forest Hill Opportunity on 850m² – Lifestyle, Location & Development Potential (STCA)

Set on an impressive 850m² (approx.) parcel of land in one of Forest Hill’s most convenient and tightly held locations, this property presents a rare and versatile opportunity for homeowners, investors and developers alike.
The existing residence offers comfortable and functional living, comprising three well-proportioned bedrooms, two bathrooms, and a double garage, making it ideal for immediate occupation or as a solid investment while future plans are explored. The home is well suited to families, professionals, or those seeking a strategic landholding in a high-demand area.
What truly distinguishes this property is its exceptional location and future potential. Positioned right next to Forest Hill shopping complex, residents will enjoy effortless access to supermarkets, retail stores, cafés and restaurants. Public transport options are moments away, ensuring easy connectivity to surrounding suburbs and the CBD, while local schools, parks, and essential services further enhance the appeal.
With its generous land size of 850m² and prominent positioning, the property also offers outstanding development potential (subject to council approval). Whether considering a multi-dwelling project, a contemporary redevelopment, or a long-term land bank in a proven growth suburb, the possibilities are compelling.
This is a rare chance to secure a substantial landholding in a location where convenience, lifestyle and future upside intersect. Whether you choose to move in, lease out, or unlock its full potential, this property is an opportunity that delivers now and into the future.
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Property Details for 122 Mahoneys Rd, Forest Hill

122 Mahoneys Rd, Forest Hill is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 850m2. The place is currently for sale with Biggin & Scott Manningham.

Building Type
House
Land Size
850m2
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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 2016 was 10626 people. By 2021 the population was 10780 showing a population growth of 1.4% 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 2021, 70.80% of the homes in Forest Hill were owner-occupied compared with 70.10% in 2016.

Forest Hill has 5,474 properties. Over the last 5 years, Houses in Forest Hill have seen a 24.34% increase in median value, while Units have seen a 9.53% increase. As at 31 January 2026:

  • The median value for Houses in Forest Hill is $1,249,414 while the median value for Units is $766,521.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 12 properties listed for sale, and 6 properties listed for rent in Forest hill on OnTheHouse. According to Cotality's data, 238 properties were sold in the past 12 months in Forest hill.

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Steven Chen
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George Koutlas
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Biggin & Scott Manningham
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