Forestville at a glance
8,795
People
$2,400,000
Median sale
$903/wk
Median rent
1.96%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
NSW › Forestville › Nicholas Ave
$2,580,000
Last sold
15 Jan 2024
4
Bedrooms
3
Bathrooms
1
Car spaces
986 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$2,580,000
15 Jan 2024 · derived via latest_sale
Local land rate: recorded House sales in Forestville (last 5 years) with land size have a median of $3,189/m² of land (n=70). Districts calculation from recorded sales — not a valuation.
Forestville at a glance
8,795
People
$2,400,000
Median sale
$903/wk
Median rent
1.96%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
Vs Forestville
+7.5%
Median sale
Suburb $2,400,000
-0.14 pp
Gross yield
Suburb 1.96%
Suburb median $2,400,000 from 19 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning 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.
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
No advertised rent is recorded. Suburb median rent $903/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Forestville at a glance
8,795
People
$2,400,000
Median sale
$903/wk
Median rent
1.96%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Skyline Real EstateOffered to the market for the first time in over 50 years and brimming with endless potential and possibilities, 21 Nicholas Avenue is a rare and incredible opportunity that simply doesn't come around very often.
This 4 bedroom, family home sits on a large and impressive 986m2 block, located within a level 200m walk to Forestville shops. It really couldn't be any more convenient.
Renovate and add significant value, capitalising on this A1 prime location or knock down and build your forever dream home. With the land size this big a granny flat (stca) would work exceptionally well and not impact space, still leaving you with lawn area and the pool for the kids.
The home offers plenty of natural light and a sense of space with two genuine living areas that provide functionality and flexibility in its use. Long range district views from the rear are a real bonus.
Entry level consists of 3 bedrooms, family bathroom, living and dining area with the kitchen leading out to the large saltwater swimming pool.
The lower level offers great potential to create separate accommodation with a 5th bedroom / home office space with its own bathroom.
The upper level has another large loungeroom space that is off the master suite, ideal for a parent's retreat. The views are only enhanced from this level with a front and rear balcony.
Conveniently located and close to everything, including Forestville Shops, a variety of Schools including Forestville Public School and Our Lady of Good Council, Medical Practitioners, close to Sporting Fields, Northern Beaches Hospital, Transport, Vets and the Forestville RSL.
• 4 spacious bedrooms with built-in wardrobes.
• Master suite with ensuite and parent's retreat.
• Multiple living spaces to suit the growing family.
• Single car, lock up garage with plenty of extra storage.
• Long driveway with parking options for a caravan, boat or trailer.
• Three bathrooms.
• Large under house storage area.
• Large 10m x 4m saltwater swimming pool (Fully Compliant).
Skyline Real Estate are very excited to be able to present 21 Nicholas Avenue, Forestville to the market and we can't wait to welcome you at one of our advertised open homes or alternatively please feel free to contact Damien Dwyer on 0408 433 881 if you would like to arrange a private inspection.
The Contract of Sale and Pest & Building Reports are available to download @ www.skylinerealestate.com.au
Listing description written by Damien Dwyer, Skyline Real Estate — reproduced as published, not verified by Districts.