306 Springvale Road, Forest Hill, VIC 3131 | House for sale | OnTheHouse
 
FOR SALE
$900,000 - $990,000

306 Springvale Road
Forest Hill VIC 3131

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 529m2
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Enduring Character and Exceptional Potential in Forest Hill

Ideally combining classic charm with exciting future potential, this well-maintained three-bedroom brick veneer home presents an excellent opportunity for investors, growing families and first-home buyers alike. Set on a generous allotment at 306 Springvale Road, it offers comfortable living today with scope to further enhance over time.
Inside, a welcoming and light-filled interior is complemented by beautiful hardwood timber floors flowing throughout the living areas and bedrooms. The spacious front lounge, complete with a fireplace and elegant light fittings, provides a warm and inviting setting and flows through to a dedicated dining area with split-system air conditioning for year-round comfort. The adjoining original-style kitchen includes a practical meals area and offers excellent potential for a modern update, while remaining perfectly functional for immediate use.
Accommodation comprises three well-proportioned bedrooms, two with built-in robes, serviced by a neat central bathroom with separate bath and shower, a separate toilet, and a full laundry. Outdoors, the deep block and long driveway provide ample off-street parking, while a versatile rear garage/workshop adds further flexibility for storage, hobbies, or future use.
Whether you are looking to move straight in or gradually renovate and extend (STCA), the home provides a flexible foundation to suit a range of needs. For investors, the solid existing dwelling and generous landholding present a smart opportunity to lease out immediately or explore future improvement or redevelopment options (STCA).
Conveniently positioned within easy reach of everyday amenities, the property is close to Blackburn Lake Sanctuary, Forest Hill Chase and Brentford Square, with Nunawading Station also nearby for easy commuting. A selection of well-regarded schools are within close proximity, including Blackburn Lake Primary, Mount Pleasant Road Primary, Forest Hill College and Nunawading Christian College, further enhancing the home’s broad appeal.
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Property Details for 306 Springvale Rd, Forest Hill

306 Springvale Rd, Forest Hill is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 529m2. The place is currently for sale with CHN Real Estate Group.

Building Type
House
Land Size
529m2
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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 14.02% increase in median value, while Units have seen a 15.68% increase. As at 31 March 2026:

  • The median value for Houses in Forest Hill is $1,229,936 while the median value for Units is $829,431.
  • Houses have a median rent of $660 while Units have a median rent of $590.
There are currently 29 properties listed for sale, and 10 properties listed for rent in Forest hill on OnTheHouse. According to Cotality's data, 217 properties were sold in the past 12 months in Forest hill.

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Patrick Fu
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David Ha
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CHN Real Estate Group
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