FOR SALE
$2,900,000

56 Head Street
Forster NSW 2428

Bedrooms: 12
Bathrooms: 7
Car spaces: -
Land area: 1942m2
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GREAT LOCATION, GREAT RETURNS, GREAT DEVELOPMENT POTENTIAL

Sprawling across a generous 1,942 m�, this development site boasts two street frontages, providing unparalleled accessibility and potential.
Zoned R3 Medium Density Residential with a 12 metre height limit, offering endless possibilities for development. Unlock the potential to redevelop and elevate this address to new heights (STCA).
Currently housing two fully-leased complexes, presenting a secure income stream for investors.
Discover the allure of coastal living with our latest offering in the heart of Forster. This exclusive development presents an exceptional chance to secure your slice of paradise. This site beckons developers and visionaries.
The current properties on the site: The first complex on the Head Street site features four self-contained, 2 bedroom flats, boasting comfortable living spaces private bathrooms and off street parking for each unit; all are currently tenanted.
The second complex on the Maneela Street site features three separate units with 2 x 1 bed, 1 x bath units upstairs and 1 x 2 bed, 1 x bath unit downstairs. All units have access to the shared laundry and undercover carport; all are currently tenanted.
Experience the epitome of convenience with a leisurely stroll to Forster Main Beach, Pebbly Beach, trendy cafes, gourmet restaurants and boutique shops. Entertainment options abound with pubs and clubs just minutes away.
Current combined rental return at $99,840 per annum provides a steady income or explore further development potential.
Seize this rare opportunity to secure your foothold in one of Forster's most coveted locations.
Contact David Hochkins now at 0437 546 302 to arrange your private viewing and embark on your coastal investment journey today!
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Property Details for 56 Head St, Forster

56 Head St, Forster is a 12 bedroom, 7 bathroom BlockOfUnits. The property has a land size of 1942m2. The place is currently for sale with LJ Hooker Forster | Tuncurry.

Building Type
BlockOfUnits
Land Size
1942m2

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About Forster 2428

The size of Forster is approximately 32.6 square kilometres. It has 44 parks covering nearly 44.3% of total area. The population of Forster in 2011 was 13,117 people. By 2016 the population was 13,749 showing a population growth of 4.8% in the area during that time. The predominant age group in Forster is 60-69 years. Households in Forster are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forster work in a professional occupation. In 2011, 67.1% of the homes in Forster were owner-occupied compared with 66.8% in 2016.

Forster has 10,329 properties. Over the last 5 years, Houses in Forster have seen a 47.93% increase in median value, while Units have seen a 53.05% increase. As at 31 October 2024:

  • The median value for Houses in Forster is $849,805 while the median value for Units is $581,476.
  • Houses have a median rent of $620 while Units have a median rent of $445.
There are currently 164 properties listed for sale, and 17 properties listed for rent in Forster on OnTheHouse. According to CoreLogic's data, 437 properties were sold in the past 12 months in Forster.

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David Hochkins
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LJ Hooker Forster | Tuncurry
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