371 Springvale Road, Forest Hill, VIC 3131 | House for sale | OnTheHouse
 
FOR SALE
$890,000 - $979,000

371 Springvale Road
Forest Hill VIC 3131

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 647m2
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Sat 15 Aug 11:00 am
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Spacious Family Living in a Peaceful and Connected Setting

Presenting an exceptional opportunity in a sought-after pocket, this classic brick residence occupies a substantial 646sqm (approx.) allotment with an impressive 18.4-metre frontage. Offering broad appeal to investors, developers and owner-occupiers alike, the property combines immediate family comfort with outstanding future potential (STCA).
The generous rectangular allotment provides excellent scope to build a new luxury residence or explore multi-dwelling redevelopment opportunities, subject to council approval. Alternatively, the existing home offers strong rental appeal, making it an ideal land-banking investment for future capital growth.
Well maintained throughout, the home features a practical family-friendly layout with multiple living zones, including a spacious front lounge bathed in natural light. Brivis ducted heating and Coolair evaporative cooling ensure year-round comfort across the home.
The well-appointed kitchen is designed for everyday functionality, featuring a gas cooktop, built-in oven, dishwasher, breakfast bar, ample cabinetry and generous bench space. Overlooking the adjoining dining and family area, it creates a welcoming hub for everyday living and entertaining.
Accommodation comprises four generously sized bedrooms, including a privately positioned main bedroom complete with a built-in robe and ensuite. The remaining bedrooms are serviced by a central family bathroom, providing comfortable accommodation for growing families.
Stepping outside, a large undercover pergola provides the perfect setting for alfresco dining, weekend barbecues and outdoor entertaining, while the backyard offers plenty of space for children and pets to enjoy. A double garage provides secure.
Conveniently positioned for everyday living, the home enjoys bus services at the doorstep and is just moments from Forest Hill Chase and Vermont South Shopping Centre. Families will appreciate the selection of quality local schools nearby, while Aqualink Nunawading, Forest Hill Reserve and surrounding parklands offer excellent recreational facilities. Nunawading Station, the Eastern Freeway and EastLink are all within easy reach, providing convenient access to Melbourne's CBD and beyond.
Offering immediate comfort, generous land dimensions and exciting future possibilities, this is a rare opportunity to secure a versatile property in a well-connected and highly desirable location.
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Property Details for 371 Springvale Rd, Forest Hill

371 Springvale Rd, Forest Hill is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 647m2. The place is currently for sale with CHN Real Estate Group.

Building Type
House
Land Size
647m2
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About Forest Hill 3131

The size of Forest Hill is approximately 4.1 square kilometres. There are 12 parks, covering nearly 8.5% of the 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 5,485 properties. Over the last 5 years, Houses in Forest Hill have seen a -2.51% decrease in median value, while Units have seen a -2.62% decrease. As at 30 June 2026:

  • The median value for Houses in Forest Hill is $1,128,990 while the median value for Units is $720,807.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 23 properties listed for sale, and 11 properties listed for rent in Forest hill on OnTheHouse. According to Cotality's data, 213 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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