741 Warringah RoadForestville NSW 2087
Property Details for 741 Warringah Rd, Forestville
741 Warringah Rd, Forestville is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 511m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom House sold in Forestville in the last 12 months.
Last Listing description (April 2024)
Located in the heart of Forestville this is a fantastic investment opportunity.
House plus separate approved Granny Flat on corner block within easy walking distance to Forestville Shops, City Bus and local schools.
Offered with a DA approval for a 9 bedroom boarding house.
The granny flat is modern with 2 bedrooms, bathroom, living space, kitchen, laundry plus separate parking.
This is a fantastic investment opportunity with the potential rents at $900 - $950pw + $740 - $760pw for a total of $1,640 - $1,710pw or approx. $87,100 per annum.
An excellent opportunity for a home plus income, dual family living or just as an investment for the future.
Alternatively, knock down and build a 9 bedroom boarding house where rooms are in strong demand at present.
This is an excellent property with a multitude of options for the astute investor.
* Auction On Site; if not sold prior
Link to Boarding House Plans - https://eservices.northernbeaches.nsw.gov.au/ePlanning/live/Public/XC.Track/SearchProperty.aspx?id=138933
Property History for 741 Warringah Rd, Forestville, NSW 2087
- 30 May 2024Listed for Rent $775 / week
- 10 Apr 2024Sold for $1,725,000
- 20 Mar 2024Listed for Sale $1,725,000
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0About Forestville 2087
The size of Forestville is approximately 4.4 square kilometres. It has 14 parks covering nearly 34.7% of total area. The population of Forestville in 2011 was 7,834 people. By 2016 the population was 8,342 showing a population growth of 6.5% in the area during that time. The predominant age group in Forestville is 40-49 years. Households in Forestville are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Forestville work in a professional occupation. In 2011, 76.5% of the homes in Forestville were owner-occupied compared with 76.2% in 2016.
Forestville has 3,250 properties. Over the last 5 years, Houses in Forestville have seen a 69.92% increase in median value, while Units have seen a 42.99% increase. As at 31 July 2024:
- The median value for Houses in Forestville is $2,299,117 while the median value for Units is $1,358,281.
- Houses have a median rent of $1,050 while Units have a median rent of $705.
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