7 Stanley StreetForster NSW 2428
Property Details for 7 Stanley St, Forster
7 Stanley St, Forster is a 2 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 556m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom House sold in Forster in the last 12 months.
Last Listing description (May 2024)
7 Stanley Street is an investors dream. This remarkable property, positioned in a highly desirable location, boasts a low-maintenance profile, showcasing two distinct dwellings that are currently tenanted, promising a substantial return on investment. Seize the opportunity to capitalize on a strategic investment that combines ease of upkeep with impressive rental income potential.
On top of the incredible residential return on investment, this property is also zoned R3 residential, allowing the smart investor to continue capitalising in the ever-evolving community.
However, this opportunity is not just for the investor. This is the perfect springboard for a first home buyer or owner-occupier with immediate need for a residence but aspiring to build a residential portfolio with solid foundations.
Key features include:
- Two separate dwelling on a 556sqm level block, situated in a highly desirable location
- Combined rental income of $775 per week
- No strata levies
- Walking distance to Wallis Lake, Forster CBD and Stocklands Shopping Village
- Newly updated landscaping, adding a touch of contemporary allure to the property
- Open plan kitchen and living areas
- Generously sized bathroom including free standing bath and separate shower
- With an R3 residential zopning (medium density) your opportunity is unlimited!
For further details or to arrange your inspection, contact 6554 7666 to talk to our sales team.
*DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information, but it does not constitute any representation by the vendor/agent or agency.
Property History for 7 Stanley St, Forster, NSW 2428
- 18 Jun 2024Sold for $695,000
- 21 Oct 2021Sold for $667,000
- 26 May 2020Listed for Rent - Price not available
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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.
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