403 Springvale RoadForest Hill VIC 3131
Property Details for 403 Springvale Rd, Forest Hill
Last Listing description (November 2019)
Located in a busy retail strip on a major arterial road, this versatile commercial property includes a three (3) bedroom residence with a large kitchen and living area.
The retail section is large enough for a restaurant, offices or mixed business and currently includes a commercial kitchen, a walk-in refrigerator/cool room and split system air conditioning.
With a total building area of 162sqm*, the residence can be accessed either through the shop front or from the lane at the rear.
Recently renovated throughout, both the shop and residence include quality timber flooring and in the residence, new carpet in the upstairs bedrooms.
Plenty of parking is available at the front of the building and public transport is available on Springvale Road, Eastlink and the Eastern Freeway can be accessed in minutes from this high profile location.
Property Features Include:-
- Building Area: 162sqm *
- Shop Front
- Commercial Kitchen
- Cool Room/Refrigerator
- Three (3) Bedroom Residence
- Three (3) Phase Power
- Air Conditioning
- Abundant Parking
- High Profile Location
- Commercial 1 Zone (C1Z)
* Approximate
To arrange an inspection please call Miranda Boxshall or Mitch Rosam.
Property History for 403 Springvale Rd, Forest Hill, VIC 3131
- 14 Aug 2025Sold for $891,500
- 26 Sep 2019Listed for Rent - Price not available
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 5,476 properties. Over the last 5 years, Houses in Forest Hill have seen a 31.73% increase in median value, while Units have seen a 21.03% increase. As at 31 October 2025:
- The median value for Houses in Forest Hill is $1,259,328 while the median value for Units is $830,340.
- Houses have a median rent of $650 while Units have a median rent of $580.
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