7/7 Kenrose Street, Forster NSW 2428

Waterfront villa | private mooring & ramp | boutique 22-unit complex | 10ft ceilings | east-facing This property presents a competitively strong offering due to its rare combination of exclusive waterfront entitlements within a tightly held, small-scale complex. The private mooring, complex boat ramp, and quality jetty provide a tangible utility premium uncommon in the Forster market, while the boutique scale of 22 units supports stronger capital retention than larger, more generic strata developments. The thoughtful modern renovation, including the designer kitchen and high ceilings, aligns with owner-occupier and premium holiday-rental demand, serving buyers seeking a turn-key waterfront lifestyle with minimal compromise. The primary decision hinges on the strata title structure; the 1.55-hectare communal land parcel demands scrutiny of long-term capital works plans and sinking fund health, as specialised maritime infrastructure like the seawall and jetty imposes future, shared liabilities. The premium paid for waterfront access is justified, but it necessitates a strata report to quantify this risk. Given the complex’s evident holding pattern and comparable sale, this property is best acquired as a long-term hold to amortise the entry cost over years of exclusive use, rather than a short-term trade. Recent comparable sales within the same complex provide a clear benchmark: – 6/7 Kenrose Street sold for $825,000 in December 2024, after a 22-year holding period. – The subject property, 7/7 Kenrose Street, sold for $850,000 in July 2025. This $25,000 premium for the subject property is logically attributed to its recent, high-quality renovation and potentially superior position or condition, confirming the market’s willingness to pay for modern, turn-key finishes in this unique complex.