201/323 Forest Road Hurstville NSW 2220

3-bed unit in Forest Road complex | dual-side aspect with park proximity | strong rental demand in Hurstville corridor | flood overlay requires due diligence This property occupies a practical position in the Hurstville unit market. The three-bedroom, two-bathroom configuration with two secure car spaces is genuinely undersupplied in this corridor, giving a buyer meaningful scarcity value versus the typical two-bedroom stock. The ducted heating and cooling, in-ground pool, and gym within the complex lift it above entry-level product, which matters for both owner-occupier appeal and tenant retention. The school catchment for Penshurst Public School adds a demographic floor to demand. The February 2023 sale at $685,000 provides a transparent recent benchmark; the current list range sits below the estimated $806,000 value, suggesting either motivated vendor positioning or a discount for the flood overlay. This unit suits a buyer seeking a hold-and-rent strategy in a liquid suburb, or an owner-occupier wanting modern amenity without a house price. The flood overlay is the primary risk. It is not a disqualifier, but it will narrow the buyer pool at resale and may affect insurance premiums and lender appetite. A flood report and strata records on past water ingress are non-negotiable before exchange. The Forest Road frontage means traffic noise on the street side, though the dual-aspect layout may mitigate this. The 1.75-acre lot is irrelevant to unit buyers—it is the strata parcel, not exclusive land. The NBN Fibre to the Building and 5G coverage support remote work but are not price movers. The opportunity lies in the gap between the list price and the estimated value: if due diligence clears the flood overlay, a purchase near $760,000 offers immediate equity and a rental yield above 6%. Hold this property for cash flow and capital growth tied to Hurstville’s transport and retail gravity, not for short-term flipping.