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 › Melwood Ave
5
Bedrooms
2
Bathrooms
4
Car spaces
664 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Forestville (last 5 years) with land size have a median of $3,178/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.
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 LJ Hooker Alliance Group33 Melwood Avenue, Forestville is proudly presented by Irina Bolshakova of Ray White Fairweather Group.
*** This property has now been SOLD and will not be shown further. After only 8 days on the market at an early Auction for $2,780,000.
Several underbidders have missed out, please contact Irina on 0405 158 265 if you'd like to discuss.***
AUCTION TO BE HELD ON SATURDAY 24 FEBRUARY 2024 @ 3PM - ONSITE
Step into the epitome of modern living with this recently renovated gem just a short stroll away from all the conveniences Forestville has to offer. Delightfully private, this residence is the embodiment of perfection, ticking every box on your dream home checklist.
Boasting 5 bedrooms all conveniently located on the ground floor, this home effortlessly combines practicality with style. The modern kitchen and bathrooms add a touch of luxury, ensuring every corner of the house is a delight to behold. High ceilings, skylights and large windows throughout provide an abundance of light, while creating an atmosphere of comfort and warmth.
Outside, the level backyard welcomes you with a lush lawn, perfect for outdoor activities, while a large pool beckons for refreshing dips on warm days. For the little ones, a charming cubby house awaits, adding an extra layer of enchantment to this already captivating property.
This amazing house will suit families with young or older children alike, as well as some downsizers who would still like to have plenty of space, while the ultra-convenient location and low maintenance will surely entice some savvy investors.
Seize the opportunity to make this house your dream home, where convenience, privacy, and modern luxury harmonize seamlessly. Don't miss your chance to call this Forestville haven yours!
• 5 spacious bedrooms all on the ground floor, Master with ensuite, walk-in robe and garden views
• Open plan living & dining area leading to the outdoor entertaining space, lawn and pool
• Expansive second living area upstairs
• Stylish granite chef's kitchen with servery to pool area, gas stove and top-of-the-range appliances
• Luxurious main bathroom with skylight, separate bath and Hansgrohe shower and tapware
• Main bathroom and ensuite designed with Italian Herringbone tiles
• Oversized internal laundry with Essastone bench tops
• Completely private from the street level block with paved courtyard and low maintenance manicured gardens at the front
• Lush level lawn, large saltwater pool surrounded by wooden deck, cubby house, cast iron chiminea and paved entertainers' terrace at the back
• Double lock-up garage with internal access, off-street parking for 2 more cars, remote electric security gate
• Ducted gas heating throughout, air-condition, solar panels
• Steps away from playing fields, tennis courts, RSL and Poppy Park
• Short stroll to Forestville shopping village, bushwalking tracks, transport to CBD, Chatswood and beaches.
• Walking distance to Forestville Primary, Our Lady of Good Counsel, Forestville Montessori and Aspect Vern Barnett schools. Catchment for popular Killarney Heights High school, easy connection to most of Sydney's finest private schools.
Estimated Rental Price Per Week: $1,850.00
Our offices: Ray White Killarney Heights / Ray White Narrabeen / Ray White Frenchs Forest
**** If you don't have your finances sorted, just ask us - our Loan Market Mortgage Brokers can assist you! Call us on 9975 HOME to arrange a FREE private meeting.****
Listing description written by Irina Bolshakova, LJ Hooker Alliance Group — reproduced as published, not verified by Districts.