FOR SALE
Guide $1,290,000

11 Joan Street
Forresters Beach NSW 2260

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 1163m2
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Dual Income Return On Huge Block

Free standing house and separate granny flat, both leased with long-term tenants, set on a huge 1163sqm block, just moments from the beach. If you are looking for lucrative investment property with further potential for capital gain, this is a must to consider. Comprising a three-bedroom home at the front, currently leased for $520pw (increasing to $560pw), and an approved, modern two-bedroom granny flat at the rear, currently leased for $420pw (increasing to $450pw). With the advantage of occupying such a huge block, both the house and granny flat benefit from large yard space that offers excellent outdoor options and additional privacy that separates the two. This also allows potential options later for in-law accommodation where relatives can live close by yet live apart or ideal Air B'n'B situation. Highly sought-after location, being a quiet street, and only a two-minute drive to the beach, and a ten-minute walk to an array of cafes and boutique shops. This is so unique. It's one of a kind delivering double income, with double potential, so don't miss this.
DISCLAIMER: This advertisement contains information provided by third parties. While all care is taken to ensure otherwise, Ray White Long Jetty does not make any representation as to the accuracy of the information contained in the advertisement, does not accept any responsibility or liability and recommends that any client make their own investigations and enquiries. All images are indicative of the property only.

Property Details for 11 Joan St, Forresters Beach

11 Joan St, Forresters Beach is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1163m2. The place is currently for sale with Ray White Long Jetty.

Building Type
House
Land Size
1163m2

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About Forresters Beach 2260

The size of Forresters Beach is approximately 2.8 square kilometres. It has 8 parks covering nearly 37.1% of total area. The population of Forresters Beach in 2011 was 2,496 people. By 2016 the population was 2,888 showing a population growth of 15.7% in the area during that time. The predominant age group in Forresters Beach is 0-9 years. Households in Forresters Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forresters Beach work in a professional occupation. In 2011, 76.4% of the homes in Forresters Beach were owner-occupied compared with 73.3% in 2016.

Forresters Beach has 1,585 properties. Over the last 5 years, Houses in Forresters Beach have seen a 67.86% increase in median value, while Units have seen a 12.33% increase. As at 31 August 2024:

  • The median value for Houses in Forresters Beach is $1,499,717 while the median value for Units is $674,736.
  • Houses have a median rent of $798 while Units have a median rent of $588.
There are currently 9 properties listed for sale, and no properties listed for rent in Forresters beach on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Forresters beach.

Suburb Insights for Forresters Beach 2260

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Peter Moran
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Linda Hall
Ray White Long Jetty
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.