Overview
Set on a generously sized 696.7 sqm block, this property offers a blend of immediate functionality and future potential, commanding attention from those seeking redevelopment opportunities. Nestled in Forestville, the site currently features a well-proportioned four-bedroom residence with three bathrooms and a two-car attached garage, along with a separate granny flat, delivering the advantage of rental income during redevelopment planning.
The land’s substantial size and the inclusion of a right of carriageway enhance its accessibility and appeal for low-to-mid-rise apartment or townhome projects, aligning with local housing reforms. The existing home’s configuration is suited to families desiring space and amenity or investors looking for a sound income stream while considering future growth.
- Significant land size offering redevelopment prospects in a sought-after suburb
- Four bedrooms and three bathrooms provide comfortable living space
- Two-car attached garage plus separate granny flat for flexible accommodation or income
- Right of carriageway for improved access enhances development options
Overall, this property presents a rare chance to capitalize on both lifestyle and investment aspirations, with versatility that suits a range of buyers including families, developers, and investors looking to maximize value through strategic planning.
Local Market Insights
In Forestville, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $2,713,889. The property type mix of listed properties is predominantly Houses at 86%, followed by apartments (9%), and units (5%). The most active agency for houses in the Forestville area is currently McGrath Estate Agents, representing 39% of new listings, followed by Raine & Horne with 28%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.