1 Jonathan Place, Forster NSW 2428
1 Jonathan Place, Forster NSW 2428
Elevated 813m² lot | 21m frontage | Newest street in Cape Hawke Heights | Vacant land, no dwelling | Residential zoned, no overlays detected
This is a rare opportunity to secure one of the larger elevated lots in the newest pocket of Cape Hawke Heights, where the surrounding residences are described as top quality and the street appeal is strong. The 21-metre frontage provides flexibility for a substantial single-level home or a dual-living layout, while the elevated position offers the potential for outlook and coastal breezes that flat parcels simply cannot match. For a buyer wanting to build a new home in a settled, well-presented neighbourhood without the compromises of an older dwelling, this lot is competitively positioned within Forster’s residential market.
The value of this property is tied almost entirely to what can be built on it, so the purchase price should be weighed against the cost of construction and any site preparation required for an elevated block. The absence of bushfire, flood, or heritage overlays reduces approval risk, and the reliable NBN and 5G coverage support modern living expectations. However, the lack of a dwelling means there is no rental income while building, and the final property value will depend on the quality of the home constructed. Buyers should also consider that the lot’s size and frontage may command a premium over smaller neighbouring parcels, but that premium is only realised once the build is complete.
|| Comparable Sales: 4 Jonathan Place sold 2017 as a large elevated block; 1/16 Mayfair Place, a 1113m² strata lot, offers a size reference | Property Price Band: $500,000–$600,000 | Value Drivers: land size, frontage width, elevated position with no overlay constraints
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Jonathan Place, Forster NSW 2428
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Forster is a desirable coastal destination, with demand driven by Sydneysiders seeking holiday homes and retirement living. The market shows a clear divergence: house prices have softened recently, while the unit segment exhibits strong growth, supported by robust investor interest and healthy rental demand. This reflects a growing preference for lower-maintenance, strata-titled properties. The suburb’s established community and lifestyle appeal underpin its positive outlook, though the market remains balanced and sensitive to broader economic shifts.
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PropCred Estimated Value
Comparable Sales: 4 Jonathan Place sold 2017 as a large elevated block; 1/16 Mayfair Place, a 1113m² strata lot, offers a size reference | Property Price Band: $500,000–$600,000 | Value Drivers: land size, frontage width, elevated position with no overlay constraints
Bedrooms
4
Bathroom
2
Parking
2
Land
688m²
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