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NSW › Parkes › Forbes Rd

11 Forbes Rd, Parkes NSW 2870

For saleHouse for Sale

$448,500

For sale

Asking

3

Bedrooms

1

Bathrooms

1

Car spaces

599 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $448,500 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $448,500(Listing record · 28 July 2026)
  • FactLand 599 m²; no building size recorded.(Property record)
  • CalculationAsk is 6% below the Parkes median recorded sale ($475,000, n=71, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Parkes's advertised median rent ($408/wk), implied gross yield would be 4.73% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$448,500

Asking · $749/m² of land

No recorded sale for this property.

Parkes at a glance

11,407

People

$475,000

Median sale

$408/wk

Median rent

4.47%

Suburb gross yield

Median sale from 71 recorded sales (last 12 months) — a Districts calculation.

See the full Parkes report →

Vs Parkes

-5.6%

Median sale

Suburb $475,000

+0.26 pp

Gross yield

Suburb 4.47%

Suburb median $475,000 from 71 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$448,500
Stamp Duty (New South Wales)
$14,595
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$466,962

$18,462 on top of the price (4.1% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Parkes's advertised median rent — not a rent for this listing.

Net yield
3.23%
Annual cashflow (pre-tax)
$-8,833
Interest cover (DSCR)
0.62
Annual rent
$21,216
Operating expenses
$6,728
Loan amount
$358,800
Annual interest
$23,322
Gross yield
4.73%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$448,500available28 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $408/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Parkes in one glance

Parkes at a glance

11,407

People

$475,000

Median sale

$408/wk

Median rent

4.47%

Suburb gross yield

Median sale from 71 recorded sales (last 12 months) — a Districts calculation.

See the full Parkes report →

Keep researching

  • Why Parkes? Read the area thesis →
  • What else is on the market in Parkes →
  • Other records on Forbes Rd →

Listing material

Listed by Powered by Smile Elite NSW

Neat, Spacious and Convenient – Perfect Family Living on a Corner Block

Perfectly positioned on a 599 sqm corner block, this neat and tidy home offers comfortable family living in a highly convenient location. Within easy walking distance to the Parkes CBD, sporting fields, daycare facilities, Middleton Public School and the new hospital, this property is ideally suited to first home buyers, young families, investors or those looking to downsize without compromising on space.

Step inside to discover a fresh, welcoming interior throughout. The home features three well-sized bedrooms, two complete with built-in wardrobes, ceiling fans in every bedroom and a centrally located bathroom with a separate toilet for added convenience.

Designed with family living in mind, the open plan kitchen and dining area flows effortlessly into the sunken living room, where a cosy wood heater creates the perfect atmosphere during the cooler months. The kitchen is full of character, offering an abundance of storage and a quirky charm that’s ideal for everyday living and entertaining alike.

Read the full description

Adding further versatility is a handy office nook off the kitchen, along with a separate kids’ rumpus room or sunroom featuring sliding doors.

Comfort is assured year-round with a reverse cycle split system, while the single carport provides internal access for everyday convenience.

Outside, you’ll love entertaining under the covered gazebo, overlooking a secure, well-fenced backyard complete with lush lawn and a designated area for a fire pit. Whether it’s children playing safely, pets enjoying the space or family and friends gathering outdoors, this yard caters to every lifestyle.

Property Features:

- 599 sqm corner block

- Three bedrooms, two with built-in wardrobes

- Open plan kitchen and dining area

- Character-filled kitchen with extensive storage

- Sunken living room with cosy wood heater

- Office nook off the kitchen

- Separate rumpus room/sunroom with outdoor access

- Reverse cycle split system air conditioning

- Ceiling fans throughout

- Central bathroom with a separate toilet

- Single carport with internal access

- Covered outdoor entertaining gazebo

- Secure, family-friendly backyard with lawn and fire pit area

- Walking distance to the CBD, sporting fields, daycare, Middleton Public School and the new hospital

- Council Rates: **Approximately $1,280 per annum**

Offering space, warmth and an unbeatable location, this move-in-ready home presents an outstanding opportunity to secure a quality home in one of Parkes’ most convenient locations.

Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.

Listing description written by Sandra Tildsley, Powered by Smile Elite NSW — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Fully Fenced
  • Living Areas: 2
  • Outdoor Entertaining
  • Pet-Friendly
  • Rumpus Room
  • Study
  • Toilets: 1
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.