OFF MARKET

8/574-576 Forest Road
Penshurst NSW 2222

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 1830m2
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Property Details for 8/574-576 Forest Rd, Penshurst

8/574-576 Forest Rd, Penshurst is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 1830m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
1992
Floor Size
58m2
Land Size
1830m2
Local Government
Georges River
Lot/Plan
8/SP40408

Last Listing description (November 2021)

Offering a spacious balcony and open plan interiors with an abundance of natural light, this renovated apartment is the ideal opportunity for first home buyers and investors to secure a great entry level unit with nothing left to do except move in and enjoy. Located only a short walk away from Penshurst and Mortdale with both shopping villages, train stations with numerous parks and schools on your doorstep.

Two spacious bedrooms, with direct balcony access
Open plan living and dining flowing to balcony

Modern kitchen open plan kitchen with breakfast bar
Large full-length balcony drenched in light
Beautifully renovated bathroom with bath
Internal laundry, undercover car space and separate storage room
Close proximity to Penshurst and Mortdale shops, schools and train stations

Property History for 8/574-576 Forest Rd, Penshurst, NSW 2222

A timeline of how this property has performed in the market
Last Sold
$507,000
08 Oct 2021
Listed for Rent
$350/w
15 Feb 2021
  • 08 Oct 2021
    Sold for $507,000
  • 29 Sep 2021
    Listed for Sale FOR SALE - $490,000-$510,000
  • 02 Feb 2021
    Listed for Rent $350 / week
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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 5,913 properties. Over the last 5 years, Houses in Penshurst have seen a 49.10% increase in median value, while Units have seen a 13.59% increase. As at 30 November 2024:

  • The median value for Houses in Penshurst is $1,796,316 while the median value for Units is $675,011.
  • Houses have a median rent of $780 while Units have a median rent of $580.
There are currently 10 properties listed for sale, and 12 properties listed for rent in Penshurst on OnTheHouse. According to CoreLogic's data, 225 properties were sold in the past 12 months in Penshurst.

Suburb Insights for Penshurst 2222

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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.