371 Springvale Road, Forest Hill, VIC 3131 sold on 06 August 2026 | OnTheHouse
SOLD
RECENT ADVICE
Sold on 06 Aug 2026 for $988,000

371 Springvale Road
Forest Hill VIC 3131

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 215m2
Land area: 647m2
Sold By
agent headshot
CHN Box Hill
Save

Property Details for 371 Springvale Rd, Forest Hill

371 Springvale Rd, Forest Hill is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 647m2 and floor size of 215m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 4 bedroom House sold in Forest Hill in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
215m2
Land Size
647m2
Local Government
Whitehorse
Lot/Plan
2/LP119193

Last Listing description (August 2026)

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.

Property History for 371 Springvale Rd, Forest Hill, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$988,000
06 Aug 2026
Listed for Rent
$610/w
07 Aug 2024
  • 06 Aug 2026
    Sold for $988,000
  • 21 Jul 2026
    Listed for Sale $890,000 - $979,000
  • 07 Aug 2024
    Listed for Rent $610 / week
Sign in to see more transactions
Commute Calculator

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 5,483 properties. Over the last 5 years, Houses in Forest Hill have seen a -8.31% decrease in median value, while Units have seen a -16.94% decrease. As at 31 July 2026:

  • The median value for Houses in Forest Hill is $1,108,622 while the median value for Units is $632,214.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 24 properties listed for sale, and 7 properties listed for rent in Forest hill on OnTheHouse. According to Cotality's data, 214 properties were sold in the past 12 months in Forest hill.

Suburb Insights for Forest Hill 3131

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
Cotality Copyright and Legal Disclaimers about Property Data
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.