11 Elizabeth Street, Forster NSW 2428
11 Elizabeth Street, Forster NSW 2428
Central Forster dual-dwelling | 714m² parcel | Two homes one title | Rare flexible layout | Strong multi-generational or rental appeal
This property’s competitive edge lies in its dual-occupancy configuration, offering two separate residences on a single 714m² title in the heart of Forster. The front three-bedroom house and rear two-bedroom residence provide genuine flexibility rarely found in this coastal market. It suits multi-generational households seeking independence under one roof, or buyers wanting to occupy one home while renting the other to offset costs. The central location adds practical convenience, placing everyday amenities within easy reach and reinforcing its appeal for owner-occupiers and investors alike.
The value picture may hinge on how the two dwellings are configured and approved, as this affects financing, insurance, and future resale options. The building age and condition remain unverified, so inspection will be critical to assess renovation needs or immediate liveability. Parking arrangements and outdoor space division between the two homes may influence how comfortably the dual setup functions. Buyers might weigh the potential rental income from the rear residence against any maintenance obligations, and should confirm council approvals for the current layout before forming a firm price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Elizabeth Street, Forster NSW 2428
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Forster, a coastal NSW town on the Mid North Coast, draws Sydney holidaymakers and retirees, with demand concentrated in units rather than houses. House medians sit near $849,000–$890,000, and annual growth ranges from -1.7% to +1.4%, signalling flat conditions. Units show stronger momentum: medians around $627,500–$675,000, with annual growth of 5.7%–12.5%. Rental yields are moderate—3.91% for houses, 4.06% for units—supported by steady rents of $650/week for houses and $450–$460/week for units. The market is near long-term trend, with supply and demand broadly balanced; key constraints are affordability pressures and sensitivity to local economic and demographic shifts.
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PropCred Estimated Value
Comparable Sales: 22 Elizabeth Parade sold $745,000; 2/40 Nuwarra Circuit sold $720,000 | Property Price Band: $0.9M–$1.1M | Value Drivers: dual-dwelling flexibility, 714m² land size, central Forster location
Bedrooms
5
Bathroom
2
Parking
4
Land
715m²
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