Forest Rd, Penshurst NSW 2222

There are insufficient recent house sales on Forest Rd to calculate a reliable premium or discount against the Penshurst average. Buyers should compare recent sales of individual homes on the street against nearby comparable properties to gauge current market positioning.

There are no bushfire or high-voltage powerline overlays on Forest Rd, and no properties fall within a flood overlay. One home has a heritage listing, which typically means renovations or exterior changes may require additional council approval. Twenty-four properties are recommended for a flood check, meaning further assessment is advised. Sixty-four properties have no flood risk identified or are not mapped. Buyers should review council mapping, flood reports, and insurance costs before purchasing.

6 homes sit above the street; 33 homes sit level with the street; 32 homes sit below the street. Different site heights relative to the street can influence site characteristics, but specific outcomes like drainage or views depend on the individual property. Buyers should assess the specific property rather than relying on the street average.

Forest Rd is an arterial road with a 60 km/h speed limit, and 89.4% of the residential properties front this section. Arterial roads generally carry more through traffic and connect local streets with larger roads. Buyers should consider that this classification may influence traffic levels and noise on the street.

There are 310 residential properties on Forest Rd. Houses make up 28.4% of the stock, while apartments make up 55.5%. The street is predominantly apartments.

The major apartment developments on Forest Rd include 556 Forest Rd with 27 lots across 4 levels built in 2015, 574 Forest Rd with 26 lots across 3 levels built in 1992, and 409 Forest Rd with 21 lots across 4 levels built in 1994. These developments contribute to the street's higher-density residential character.

3 houses and 7 apartments have sold in the past 12 months. The 5-year turnover rate for houses is 11.4%, and for apartments, it is 22.7%. The turnover rate represents the proportion of properties that changed ownership during the past five years.

Forest Rd is an arterial road with a 60 km/h speed limit, where 89.4% of residential properties front this section. The street is predominantly apartments, with 55.5% of the 310 residential properties being units. There are 6 homes sitting above the street, 33 sitting level with the street, and 32 sitting below the street. One property has a heritage listing, and 24 properties are recommended for a flood check. Buyers looking for detached houses may find limited options, while apartment buyers have a strong presence. Buyers comfortable with an arterial road environment may find this street suitable.