334 Springvale RoadForest Hill VIC 3131
Property Details for 334 Springvale Rd, Forest Hill
Last Listing description (August 2025)
Combining a maximum exposure restaurant shopfront with an extremely private abode behind, savvy business owners or investors can enjoy the many prosperous benefits of owning both a commercial and residential property.
On 241 sqm approx. with 206 sqm approx. of floorspace, it boasts a highly visible position close to the corner of Canterbury Road, merely moments from Forest Hill Chase and multiple bus routes while also being surrounded by a thriving residential precinct.
A commercial-grade kitchen and cold room accompanies the restaurant's dining space, with a door ideally placed for separation between the front and rear. Behind is a hidden two bedroom gem. From the laneway, park in the garage or double carport and then head upstairs to the living and dining room, accompanied by a bright kitchen.
A great opportunity to secure two rental streams, work and reside in the same building, or rent out while occupying the other.
- Unique property with potential for two income streams
- A restaurant shopfront with commercial-grade kitchen
- A rear two bedroom home with a comfortable living/dining zone
- A garage and double carport
- Walk to Forest Hill Chase
- Close to buses bound for the train station
- Near Aqualink and schools
DISCLAIMER
Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. We always recommend undertaking your own due diligence.
Property History for 334 Springvale Rd, Forest Hill, VIC 3131
- 18 Dec 2024Listed for Sale Contact Agent
- 18 Jul 2024Listed for Sale Contact Agent
- 31 Jan 2024Listed for Sale Contact Agent
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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 19.89% increase in median value, while Units have seen a 24.22% increase. As at 28 February 2026:
- The median value for Houses in Forest Hill is $1,227,008 while the median value for Units is $871,471.
- Houses have a median rent of $650 while Units have a median rent of $590.
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