377-379 Forest Road, The Basin, VIC 3154 | Property Value & History | OnTheHouse
OFF MARKET

377-379 Forest Road
The Basin VIC 3154

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 237m2
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Property Details for 377-379 Forest Rd, The Basin

Building Type
Commercial
Land Size
237m2
Local Government
Knox
Lot/Plan
2/LP53855

Last Listing description (September 2022)

381 Forest Road is home to The Peacock Den that is known for its unique wine and dining experience in the outer east of Melbourne and offered with a secure lease (and options) till 2035.

The property itself, offers a stunning and spacious dining room with open fire, timber floors, full wine bar, commercial kitchen, 4 unisex toilets as well as a 2 bedroom dwelling at the rear of the Restaurant, that offers a lounge, kitchen, full bathroom, laundry and a beautiful undercover decking overlooking the private rear yard.

Currently returning $38,760.00 pa nett, plus outgoings with a set increase to $39,535.32 pa from July 2022, and annual reviews of 2%, this investment is perfect for anybodys portfolio.

For further details and to arrange a private inspection, please telephone Michelle on 0417 361 161.

Property History for 377-379 Forest Rd, The Basin, VIC 3154

A timeline of how this property has performed in the market
Last Transferred
16 Feb 2015
Listed for Rent
$671/w
02 Feb 2017
  • 07 Apr 2022
    Listed for Sale $830,000.00
  • 01 Feb 2017
    Listed for Rent $34,992 / year
  • 16 Feb 2015
    Transferred
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About The Basin 3154

The size of The Basin is approximately 5.1 square kilometres. It has 11 parks covering nearly 9.0% of total area. The population of The Basin in 2016 was 4416 people. By 2021 the population was 4497 showing a population growth of 1.8% in the area during that time. The predominant age group in The Basin is 30-39 years. Households in The Basin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Basin work in a professional occupation.In 2021, 87.80% of the homes in The Basin were owner-occupied compared with 84.40% in 2016.

The Basin has 1,854 properties. Over the last 5 years, Houses in The Basin have seen a 24.89% increase in median value, while Units have seen a 40.18% increase. As at 31 December 2025:

  • The median value for Houses in The Basin is $907,657 while the median value for Units is $790,957.
  • Houses have a median rent of $650 while Units have a median rent of $375.
There are currently 2 properties listed for sale, and no properties listed for rent in The basin on OnTheHouse. According to Cotality's data, 66 properties were sold in the past 12 months in The basin.

Suburb Insights for The Basin 3154

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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.