FOR SALE
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534 Forest Road
Penshurst NSW 2222

Bedrooms: 6
Bathrooms: 2
Car spaces: 4
Land area: 658m2
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LOCATION & POTENTIAL

• Calling all investors and developers . Perfect for long term investment and redevelop in the future.
• Potential Duplex site (STCA) on 658sq.m land with 21m frontage.
• Large full brick property located only approx. 600m away from Penshurst Station and local shops, opposite GRC Penshurst Girls Campus and surrounded by churches, child care centres and all amenities.
• One property, two incomes give you higher rental returns than most of houses.
• The front of the building comprises an open plan office/commercial space about 60sq.m, 2 individual rooms, 1 bathroom, double lock up garage plus off street parking for up to 3 cars presently approved for commercial use.
• The rear of the building comprises 4 bedrooms, 2 bathrooms, combined living/dining room, full size eat-in kitchen, internal laundry and sunny north-easterly aspect private courtyard.
• Live in or rent it out is your choice.
• Council approx. $453 Per quarter
DISCLAIMER: The information contained herein has been provided by the owner and third parties, which we merely pass on without any representation or warranty given, intended or implied by us as to its correctness and with no liability accepted by us in this regard. You must rely upon your own inquiries as to its accuracy or otherwise.

Property Details for 534 Forest Rd, Penshurst

534 Forest Rd, Penshurst is a 6 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 658m2. The place is currently for sale with Richardson & Wrench Mortdale/Penshurst.

Building Type
House
Land Size
658m2

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About Penshurst 2222

The size of Penshurst is approximately 2.5 square kilometres. It has 13 parks covering nearly 9.3% of total area. The population of Penshurst in 2011 was 11,692 people. By 2016 the population was 12,795 showing a population growth of 9.4% in the area during that time. The predominant age group in Penshurst is 20-29 years. Households in Penshurst are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penshurst work in a professional occupation. In 2011, 65.2% of the homes in Penshurst were owner-occupied compared with 60.7% in 2016.

Penshurst has 5,875 properties. Over the last 5 years, Houses in Penshurst have seen a 66.60% increase in median value, while Units have seen a 17.29% increase. As at 30 September 2024:

  • The median value for Houses in Penshurst is $1,827,374 while the median value for Units is $678,938.
  • Houses have a median rent of $770 while Units have a median rent of $578.
There are currently 13 properties listed for sale, and 5 properties listed for rent in Penshurst on OnTheHouse. According to CoreLogic's data, 224 properties were sold in the past 12 months in Penshurst.

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Olive Li
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Richardson & Wrench Mortdale/Penshurst
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