38 Browne Street
Forbes, NSW 2871

Located within the highly sought-after Grinsted Oval precinct, 38 Browne Street offers a unique opportunity to acquire a premium land parcel with exceptional views of Lake Forbes. This expansive 1,011.8 square meter block boasts a rare three-road frontage, providing an ideal canvas for either a dream home or a promising development venture.

The property benefits from Development Application (DA) approval for a sophisticated two-storey residence. The approved design includes a spacious balcony and outdoor entertaining areas thoughtfully positioned to maximize the serene lake vistas. This groundwork significantly reduces the initial hurdles for prospective buyers or developers, streamlining the path to construction.

Supporting documentation and services are already in place, including an approved BASIX certificate, geotechnical certification, and engineers’ drawings. Additionally, a builder’s electrical box has been installed on-site, further facilitating the building process.

For developers, the generous size and frontage of the land offer excellent potential for a multi-townhouse project, subject to council approval (STCA). This versatility enhances the investment appeal, presenting strong upside potential in a tightly held market.

Adding to the property's value, Forbes Shire Council has committed nearly $9 million towards upgrading the lake precinct. Planned enhancements include new pathways, amenities, and playgrounds, all scheduled for completion within the next 12 months. These improvements are expected to significantly boost lifestyle quality and capital growth prospects in the area.

Opportunities to secure such a premium site in this exclusive pocket are rare. Whether you are looking to build your ideal home or pursue a development project, 38 Browne Street represents a compelling proposition with substantial future potential.