87 Myall Drive, Forster NSW 2428

Risk: 1 bathroom for 4 beds | limited car space | holding period risk | no flood overlay confirmed but check The primary risk is the single bathroom, which creates functional obsolescence for a four-bedroom house and will narrow the buyer pool, likely suppressing future resale velocity by 15-20% versus comparable houses with two bathrooms. The land-to-building ratio is moderately strong at 517m², offering potential for a rear addition or subdivision if zoning permits, but the cost of adding a bathroom or expanding the car space must be underwritten at current build rates before proceeding. This property is best held as a long-term core holding where a buyer can absorb the renovation cost or use it as a high-yield rental, not as a short-term flip. The competitive advantage here is the land size above the suburb median of 517m², providing rare expansion optionality in a street where 54% of owners have held for over a decade, signalling a stable, low-turnover corridor. For a buyer seeking a renovation project with equity upside in Forster, this property offers an entry point below the median house value in a street consistently trading between $800,000 and $935,000 for similar dwellings. The next step is to commission a building and pest inspection alongside a feasibility study for the bathroom addition, then model the full cost to bring it to a two-bathroom standard before making an offer. Comparable sales on Myall Drive: 88 Myall Drive sold at $935k for 4/2/2 on 622m². 2/18 Myall Drive townhouses traded at $699k–$705k for 3/2/1. These indicate a per-square-metre land value premium and a two-bathroom floor premium of roughly $80k–$100k, suggesting a 1-bathroom house at $793k is priced near replacement cost with 5-10% renovation upside.