334 Springvale Road, Forest Hill, VIC 3131 | Property Value & History | OnTheHouse
 
OFF MARKET

334 Springvale Road
Forest Hill VIC 3131

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 339m2
Land area: 241m2
Improve this data
We do not have enough data to display the calculated estimate for this property.
Share
Save

Property Details for 334 Springvale Rd, Forest Hill

Building Type
Commercial
Floor Size
339m2
Land Size
241m2
Local Government
Whitehorse
Lot/Plan
3/LP12231

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.

Show More

Property History for 334 Springvale Rd, Forest Hill, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$220,000
28 Aug 2001
  • 18 Dec 2024
    Listed for Sale Contact Agent
  • 18 Jul 2024
    Listed for Sale Contact Agent
  • 31 Jan 2024
    Listed for Sale Contact Agent
Sign in to see more transactions
Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 5,476 properties. Over the last 5 years, Houses in Forest Hill have seen a 28.74% increase in median value, while Units have seen a 10.53% increase. As at 30 November 2025:

  • The median value for Houses in Forest Hill is $1,258,166 while the median value for Units is $768,017.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 9 properties listed for sale, and 8 properties listed for rent in Forest hill on OnTheHouse. According to Cotality's data, 231 properties were sold in the past 12 months in Forest hill.

Forest Hill Profile Page

Suburb Insights for Forest Hill 3131

Visit Forest Hill profile page
Market Insights
Forest Hill Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Forest Hill Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Forest Hill profile page
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED