Forster at a glance
14,522
People
$880,000
Median sale
$567/wk
Median rent
3.35%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
NSW › Forster › Underwood Rd
3
Bedrooms
3
Bathrooms
2
Car spaces
556 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 Forster (last 5 years) with land size have a median of $1,567/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Forster at a glance
14,522
People
$880,000
Median sale
$567/wk
Median rent
3.35%
Suburb gross yield
Median sale from 86 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 $567/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
Forster at a glance
14,522
People
$880,000
Median sale
$567/wk
Median rent
3.35%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Wiseberry ForsterEXCITING NEW PRICE GUIDE - Wiseberry Forster is excited to present 62 Underwood Road, Forster, an exceptional coastal retreat in an unbeatable location. Nestled on a spacious 556 sqm block, this property is positioned just 100 meters from South One Mile Beach—Forster’s beloved go-to comfort beach. A flat, easy one-minute walk from your front door leads you to the vibrant South One Mile family recreation area, featuring a newly established children’s park, the surf life-saving club, and the renowned Bostin Brew Co., a fantastic beachside café offering great coffee and delicious food daily.
The home itself has undergone modern yet moderate renovations, enhancing its fresh coastal charm while leaving room for further improvements or personal touches. The elevated main living area boasts an expansive open-plan design, seamlessly integrating the lounge, kitchen, and dining spaces. The stylish kitchen is a standout feature, complete with a large island bench, ample storage, and generous preparation space. This area opens directly onto the west-facing rear balcony, a serene setting to relax and soak in the sounds of beachside living at its finest.
The living quarters include two generous east-facing bedrooms, while the master suite is strategically positioned at the western end of the home, closest to the beach. Overlooking the lush backyard, the master suite features a sleek ensuite for ultimate comfort. Between the bedrooms, a versatile office nook adds to the functionality of the space, alongside a bright and well-appointed family bathroom.
A key standout feature of this property is the large second shared driveway, offering impeccable side access to a second lock-up garage. This versatile space is perfect for storing recreational vehicles, serving as a home studio, or even transforming into additional living quarters. Adjacent to the garage is a spacious multipurpose room with its own ensuite, presenting a fantastic opportunity to convert into a fourth bedroom, a guest retreat, or a private space for owners while renting out the main residence. With a current lease running through March, the property yields a strong rental return of $700 to $750 per week and has also been a high-performing Airbnb rental.
The large, flat backyard is another highlight, offering a blank canvas to create something truly special. Whether you envision adding a sparkling pool, a stylish alfresco BBQ area, or a lush garden retreat, this space is brimming with potential to become the ultimate entertainment hub for family and friends.
With so much to offer, this coastal gem is not to be missed. Contact Todd Hinsby today on 0409 624 193 to arrange a viewing and experience the best of beachside living
Listing description written by Todd Hinsby, Wiseberry Forster — reproduced as published, not verified by Districts.