113 Mahoneys RoadForest Hill VIC 3131
Property Details for 113 Mahoneys Rd, Forest Hill
113 Mahoneys Rd, Forest Hill is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 585m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (December 2021)
With prices skyrocketing 16.4% throughout 2021 in Melbourne's East, it's no wonder that so many people are looking to find savings where they can. Buying a brand new home has its setbacks; you pay more stamp duty than you would if you purchased land and built on it. You also don't have the ability to custom design the floor plan and style to suit your family's needs.
Enter 113 Mahoneys Road Forest Hill, an original condition 1960's home. Mahoneys Road is a perfect example of the type of property you want to seek when building a new home. The 583m2 of land (approx.) reduces the chance of competing with developers who're looking to develop multiple units. Combine this with a generally flat block, which will help you save on building costs, and you've got a winning formula.
Furthermore, consider the potential to 'land bank' the property in the event your circumstances change. Having the ability to rent the property out while getting plans and permits approved or while waiting for the land value to increase adds a level of protection to your investment. Finding a tenant will be a breeze, as this property features two separate living zones, and it is in close proximity to Forest Hill Chase shopping centre.
Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Property History for 113 Mahoneys Rd, Forest Hill, VIC 3131
- 18 Dec 2021Sold for $1,053,000
- 23 Nov 2021Listed for Sale AUCTION This Saturday
- 27 Oct 1984Sold for $84,000
Recent sales nearby
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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 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.
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