38 Cannons Parade, Forestville NSW 2087
38 Cannons Parade, Forestville NSW 2087
Wide 17m frontage | 702m² high-side north-to-rear | 4-bed double-brick two-level | Renovation or rebuild potential | School catchment pair
This property’s competitive edge is its land configuration. A 702m² block with a 17m frontage and north-to-rear aspect is uncommon in Forestville’s established housing stock, where many lots are narrower or less optimally oriented. The double-brick lower level and high ceilings suggest a solid, older build that can be modernised, extended, or replaced entirely. Its position near the village and within both Forestville Public and Killarney Heights High catchments strengthens appeal for family buyers seeking long-term tenure. The property serves best those who value location and land over a finished home—renovators, rebuilders, or those exploring duplex potential subject to approval.
The existing house is neat but dated, so its value lies more in the site than the structure. That means the purchase price should reflect land plus a functional dwelling, not a turnkey premium. The 29% building coverage leaves room for extension or reconfiguration, but any duplex or townhouse outcome depends on council approval, which introduces timing and design risk. The tiered rear yard and high-side position may require landscaping or retaining work. Buyers should weigh the cost of bringing the current house to a comfortable standard against the potential uplift from a full rebuild or subdivision-style development, understanding that the latter carries longer timelines and higher upfront outlay.
|| Comparable Sales: 4/27-29 Cannons Parade villa sold $1.44M | 50 Cannons Parade leased $950/week | Property Price Band: $2.4M–$2.5M | Value Drivers: land size and frontage, north-to-rear orientation, school catchment demand
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Cannons Parade, Forestville NSW 2087
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Forestville is a high-value, family-oriented suburb in Sydney’s Northern Beaches, characterised by strong capital growth in its premium housing market. Demand is driven by established local professionals, supported by a growing population and high household incomes. House prices have demonstrated robust annual growth, though the unit segment has softened, indicating a bifurcated market. Future performance is underpinned by sustained demand from affluent owner-occupiers, yet constrained by very limited stock and significant affordability barriers that temper broader market accessibility.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 4/27-29 Cannons Parade villa sold $1.44M | 50 Cannons Parade leased $950/week | Property Price Band: $2.4M–$2.5M | Value Drivers: land size and frontage, north-to-rear orientation, school catchment demand
Bedrooms
4
Bathroom
2
Parking
2
Land
702m²
URL has been copied successfully!