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VIC › Forest Hill › Parkmore Rd

43 Parkmore Rd, Forest Hill VIC 3131

House

$2,325,000

Last sold

6 June 2025

5

Bedrooms

4

Bathrooms

2

Car spaces

586 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $2,325,000 (6 June 2025).(Recorded sale)
  • FactLand 586 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Forest Hill (last 5 years) with land size: median $1,905/m² of land (n=40). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

$2,325,000

6 June 2025 · derived via latest_sale

Local land rate: recorded House sales in Forest Hill (last 5 years) with land size have a median of $1,905/m² of land (n=40). Districts calculation from recorded sales — not a valuation.

Forest Hill at a glance

11,357

People

$950,000

Median sale

$577/wk

Median rent

3.16%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Forest Hill report →

Vs Forest Hill

+144.7%

Median sale

Suburb $950,000

-1.87 pp

Gross yield

Suburb 3.16%

Suburb median $950,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$2,325,0006 June 2025
  2. Listedprice unknowncompleted1 Mar 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $577/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Forest Hill in one glance

Forest Hill at a glance

11,357

People

$950,000

Median sale

$577/wk

Median rent

3.16%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Forest Hill report →

Keep researching

  • Why Forest Hill? Read the area thesis →
  • What else is on the market in Forest Hill →
  • Other records on Parkmore Rd →

Listing material

Listed by Jellis Craig Forest Hill

Luxurious Forest Hill Family Oasis

Nestled in the heart of Forest Hill, this contemporary residence, built in 2017, offers an exceptional blend of luxury, space, and modern conveniences. Designed with the discerning family in mind, the home boasts four generously sized bedrooms, each featuring its own ensuite and walk-in robe. The master suite is a true sanctuary, complete with an expansive walk-in robe leading to a lavish ensuite equipped with a spa bath and double shower, and a private balcony perfect for unwinding.

Upon entering, you're greeted by a grand hallway that guides you past a versatile study-easily convertible into a fifth bedroom-and a formal lounge area. The heart of the home unfolds into an open-plan living, dining, and kitchen space, accentuated by soaring double-height ceilings that flood the area with natural light. Culinary enthusiasts will appreciate the gourmet kitchen, which features stone benchtops, a five-burner gas stove, Blanco appliances, an island bench, and a butler's pantry that seamlessly connects to a well-appointed laundry room with ample storage and direct outdoor access.

Entertainment options abound with a dedicated cinema room, perfect for family movie nights complete with sound proofing. Sliding doors from the living area open to an undercover alfresco space, complete with a ceiling fan, overlooking a heated pool and low-maintenance composite cement decking-ideal for year-round gatherings. The property also includes a double garage with internal access and a rear door leading to the backyard.

Read the full description

Upstairs, a spacious rumpus area provides additional living space, complemented by a terrace that offers a serene spot for relaxation. The home's commitment to quality is evident with features like double-glazed windows throughout, floor-to-ceiling tiled bathrooms, and a security system encompassing an alarm and front-facing CCTV camera. Energy efficiency is prioritized with 37 solar panels powered by a three-phase system.

Situated within the coveted zones of Forest Hill College and Parkmore Primary School, and just a short drive to Forest Hill Chase and Brentford Square Shopping Centre, this property combines modern luxury with everyday convenience.

Listing description written by Hugh Francis, Jellis Craig Forest Hill — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.