Back 537 Forest Rd
Off Market

537 Forest Rd

Penshurst NSW 2222

3
1
2
House
Mele GongMele Gong, last sold this property on 18 May 2025 after 31 days on market.

Overview

A Renovated Classic With Size, Position & Duplex Potential

A premium opportunity for the Mortdale buyer who values position and potential, this renovated three-bedroom residence will impress with its abundance of space and promise. It sits in a prime setting opposite Olds Park with leafy parkland views, and is ready to move in and enjoy, lease out and earn rental income, or completely knockdown and develop to make the most of such a great location (subject to approval). From here you're close to Mortdale and Penshurst local shops, and just 2km to Hurstville's CBD. *Set on a north-facing 702sqm level block with a wide 15.77m frontage *Previously approved dual-occupancy site with scope for a duplex (STCA) *Renovated throughout offering fresh, bright and contemporary interiors *Generous single-level layout featuring separate living and dining spaces *Three double bedrooms, built-ins plus a modern bathroom and laundry *An updated kitchen includes stone benchtops and stainless appliances *A spacious backyard with paved dining patio and a lock-up storeroom *2 Car spaces plus room for a granny flat at the rear (STCA) Contact: Mele Gong 0411 506 608 Tony Li 0408 228 689

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Penshurst over the last 12 months, the estimated median property value of 537 Forest Rd is $1.97m.

Median value
$1.97m
Estimated value range
$1.27m - $2.55m
Median days on market
26
Estimated value trend
15%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Penshurst. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 537 Forest Rd

2025
Rented
Undisclosed
Leased on 10 Aug 2025 by PRD Hurstville
2025
Sold
Undisclosed
18 May 2025 by Mele Gong, of PRD Hurstville
2024
Rented
Undisclosed
Leased on 25 Mar 2024 by Prestige Property Group Realty

Happy sellers in Penshurst

87%
87% of sellers in Penshurst reported that their sale price either exceeded or met their price expectations.

Penshurst stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 62 reviews in Penshurst over the last 12 months.

Local market activity for 3 bedroom houses in Penshurst

In the last 12 months, 19 three-bedroom houses similar to 537 Forest Rd, have been sold.

This represents a 44% increase in three-bedroom houses sales when compared to the previous 12 months.

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