383 Forest Road, The Basin, VIC 3154 | Property Value & History | OnTheHouse
 
OFF MARKET

383 Forest Road
The Basin VIC 3154

Bedrooms: 4
Bathrooms: -
Car spaces: -
Floor area: 384m2
Land area: 998m2
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Property Details for 383 Forest Rd, The Basin

Building Type
Commercial
Floor Size
384m2
Land Size
998m2
Local Government
Knox
Lot/Plan
59/LP11055

Last Listing description (April 2022)

Tsimos Commercial is delighted to offer for the first time in decades 383 Forest Road, The Basin.

Located at the footsteps of Sassafras and only 31km from the Melbourne CBD, the property provides investors the luxury of a small-town atmosphere with easy commute to the CBD. Close proximity to local retail amenities and major road arterials adds further appeal to an already unmissable investment opportunity.

Other Features:

Approx. 283.5m2 of Building
Approx. 995m2 of Land
Onsite Cark Parks

Lease Summary:
- Tenant: Strong and Stable (Gym/Rehabilitation centre)
- Lease term: 5 Years
- Commencement date: 1 September 2021
- Further terms: 1 x 5 Years
- Rental: $50,000 P.A. (NET)
- Annual Reviews: 3%

This is surely an opportunity not to be missed!

For further information or to arrange a private viewing, please contact one of the listed agents.

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Property History for 383 Forest Rd, The Basin, VIC 3154

A timeline of how this property has performed in the market
Last Sold
$1,200,000
07 Apr 2022
Listed for Rent
09 Jun 2016
  • 07 Apr 2022
    Sold for $1,200,000
  • 25 Mar 2022
    Listed for Sale UNDER CONTRACT
  • 18 Feb 2016
    Listed for Rent - Price not available
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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 1,855 properties. Over the last 5 years, Houses in The Basin have seen a 30.18% increase in median value, while Units have seen a 45.08% increase. As at 30 November 2025:

  • The median value for Houses in The Basin is $934,779 while the median value for Units is $801,061.
  • Houses have a median rent of $650 while Units have a median rent of $375.
There are currently 5 properties listed for sale, and no properties listed for rent in The basin on OnTheHouse. According to Cotality's data, 65 properties were sold in the past 12 months in The basin.

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© 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.

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