SOLD
Sold on 18 Jun 2024 for $695,000

7 Stanley Street
Forster NSW 2428

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 94m2
Land area: 556m2
Improve this data
Share
Save

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.

Building Type
House
Year Built
1960
Floor Size
94m2
Land Size
556m2
Local Government
Mid-Coast
Lot/Plan
7/DP1108471

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.

Show More

Property History for 7 Stanley St, Forster, NSW 2428

A timeline of how this property has performed in the market
Last Sold
$695,000
18 Jun 2024
Listed for Rent
$265/w
14 Nov 2016
  • 18 Jun 2024
    Sold for $695,000
  • 21 Oct 2021
    Sold for $667,000
  • 26 May 2020
    Listed for Rent - Price not available
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 10,325 properties. Over the last 5 years, Houses in Forster have seen a 64.74% increase in median value, while Units have seen a 63.16% increase. As at 30 September 2024:

  • The median value for Houses in Forster is $871,415 while the median value for Units is $611,144.
  • Houses have a median rent of $600 while Units have a median rent of $440.
There are currently 161 properties listed for sale, and 18 properties listed for rent in Forster on OnTheHouse. According to CoreLogic's data, 427 properties were sold in the past 12 months in Forster.

Forster Profile Page

Suburb Insights for Forster 2428

Visit Forster profile page
Market Insights
Forster Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Forster Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Forster profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED