62 Lee Ann Street, Forest Hill VIC 3131

Large premium family home | Rear reserve access | Near-new build in established suburb | Serves executive family buyers This property is competitively strong because it sits well above typical Forest Hill stock in size, finish, and configuration. Built in 2018 with five bedrooms, three bathrooms, and approximately 365 square metres of internal space on a 623-square-metre block, it offers the kind of floorplan families often seek but rarely find in this established eastern suburb. The rear gate access to Mahoneys Reserve adds a rare open-space adjacency that standard street-fronting lots lack. This house best serves higher-income family households—upsizers or move-up owner-occupiers—who want multiple living zones, a study, alfresco entertaining, and modern inclusions like ducted heating, refrigerated cooling, and Tesla-powered electricity without the wait or uncertainty of building new. What may materially affect the property’s value is its reliance on a narrow buyer pool willing to pay a premium for near-new size and finish in a suburb where older, smaller homes are more common. The 2019 sale price of $1.86 million offers a historical anchor, but market movement since then should be weighed carefully against current demand for large family homes in this corridor. Rental yield is likely lower than smaller dwellings, so the house suits owner-occupation more than investment. The reserve adjacency is a genuine advantage but may also bring noise or privacy considerations depending on how the reserve is used. Buyers should form their own view on whether the premium for this configuration is justified by the location’s established infrastructure and school proximity.