421 Springvale Road, Forest Hill, VIC 3131 sold on 06 August 2025 | OnTheHouse
SOLD
Sold on 06 Aug 2025 for $800,000

421 Springvale Road
Forest Hill VIC 3131

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 159m2
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Property Details for 421 Springvale Rd, Forest Hill

Building Type
Commercial
Land Size
159m2
Local Government
Whitehorse
Lot/Plan
2/TP832453

Last Listing description (February 2014)

Owning a LookSmart Alterations franchise means more than just owning a business
Located in a busy shopping area with great, continuous foot traffic. Well known business that is continually growing.
Owning a LookSmart Alterations franchise means more than just owning a business - it means you're part of Australia's and New Zealand's fastest growing, alteration chains.

With over 20 years' experience and services nearly one million customers across Australia and New Zealand, LookSmart Alterations leads the way as Australia's favourite value-for-money alterations business and has a proven track record.
As an added bonus the vendor will pay for the new owners franchise fee plus and they will also include over 3,000 worth of stock in the sale price!
This proven little performer provides the owner with an excellent financial return each year operating to proven LookSmart Alterations systems, and supported by excellent staff. Ideal family business, partnership, or run it yourself.
Even during our current challenging economic conditions, LookSmart Alterations continues to grow every year. It is the service side of the fashion industry, working to customise clothing to suit their customers. This business has the added extra of being one of the selected stores that provides dry cleaning, which is out sourced and the business owner get 30% of all sales from the dry cleaning.
The largest most trusted tailoring brand in Australia and New Zealand. With over 90 stores across Australia and New Zealand, LookSmart Alterations is Australia and New Zealand's tailor the largest brand in the tailoring industry.
Servicing nearly one million customers and 1,000 retail fashion stores including the likes of David Jones, Myer, Lisa Ho, Gianni Versace and Country Road. LookSmart Alterations has been established for twenty years and are conveniently located in major shopping centres. The type of services they provide are shortening pants, repairing garments etc. however this is only a small part of the services. All LookSmart franchise owners are trained and focused on ensuring the perfect fit through custom tailoring.
As an added bonus the vendor will pay for the new owners franchise fee plus they will include over 3,000 worth of stock in the sale price!!!!!
The Business is priced to sell, don???t be disappointed and be a part of a winning team. Benefits:
* Full training and ongoing support provided
* Well established business with a loyal customer base
* Opportunity to own and operate your own business in an established business system with the benefit of reduced business risk
Quote BSV 0421 and call Leisa on 0421 998 538 NOW!! or submit an Enquiry NOW !!

Property History for 421 Springvale Rd, Forest Hill, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$800,000
06 Aug 2025
  • 06 Aug 2025
    Sold for $800,000
  • 13 Mar 2013
    Listed for Sale 138000
  • 15 Aug 2003
    Sold for $319,000
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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 11 properties listed for sale, and 10 properties listed for rent in Forest hill on OnTheHouse. According to Cotality's data, 238 properties were sold in the past 12 months in Forest hill.

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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.