SOLD
Sold on 21 Jun 2024 for $308,000

58/12-16 Wallis Street
Forster NSW 2428

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2465m2
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Property Details for 58/12-16 Wallis St, Forster

58/12-16 Wallis St, Forster is a 0 bedroom, 0 bathroom Unit and was built in 1976. The property has a land size of 2465m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 0 bedroom Unit sold in Forster in the last 12 months.

Building Type
Unit
Year Built
1976
Land Size
2465m2
Local Government
Mid-Coast
Lot/Plan
58/SP40462

Last Listing description (September 2023)

* First floor commercial freehold in Forster Towers
* Situated in the heart of Forster within Forster Towers, a renowned commercial precinct in a growing market known for its strong business center.
* With a long-term tenant and high demand for commercial premises in the area, this property offers a reliable and promising long-term investment opportunity with continued yield potential.

* The premise provides 81m2 of office space (1 main office & 2 separate offices with consultation room & reception area) & 30m2 undercover parking (2 car spots)
* GST may be applicable
* Option to purchase lot 57 & lot 58 together

Please contact Torge Struwe on 0490 401 410 if you have further questions, or to arrange a private inspection.

Property History for 58/12-16 Wallis St, Forster, NSW 2428

A timeline of how this property has performed in the market
Last Sold
$308,000
21 Jun 2024
  • 21 Jun 2024
    Sold for $308,000
  • 06 May 2022
    Listed for Sale $1,150,000
  • 10 Sep 2014
    Sold for $435,000
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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 10,343 properties. Over the last 5 years, Houses in Forster have seen a 57.89% increase in median value, while Units have seen a 64.90% increase. As at 31 August 2024:

  • The median value for Houses in Forster is $886,264 while the median value for Units is $615,872.
  • Houses have a median rent of $625 while Units have a median rent of $435.
There are currently 157 properties listed for sale, and 21 properties listed for rent in Forster on OnTheHouse. According to CoreLogic's data, 428 properties were sold in the past 12 months in Forster.

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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.