23 Forbes RoadParkes NSW 2870
Property Details for 23 Forbes Rd, Parkes
Last Listing description (March 2025)
Attention all investors! Do not miss the opportunity to secure yourself a property in a very prominent location on the Forbes Road, Parkes. This property is situated perfectly right on the Newell highway directly mid way between Melbourne and Brisbane; it can not be missed. This property is fully tenanted with a long-term tenant paying $2000 + outgoings a month.
Enjoy the instant investment and secure this great opportunity. Features include easy access and ample off-street parking with appliances to run a fully functional commercial kitchen. This includes full stainless steel benches, large cool room, brand new grease trap and a large commercial pizza oven. Talk about endless opportunities for the tenants!
This property will be sold with a current lease in place. Do not miss out!
Call agent Nick Kelly on 0447 888 956 today to register your interest or to arrange a private inspection.
Property History for 23 Forbes Rd, Parkes, NSW 2870
- 13 Mar 2025Sold for $400,000
- 10 Feb 2025Listed for Sale $420,000
- 06 Nov 2024Listed for Sale $420,000
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0About Parkes 2870
The size of Parkes is approximately 975.0 square kilometres. It has 38 parks covering nearly 12.0% of total area. The population of Parkes in 2016 was 11408 people. By 2021 the population was 11324 showing a population decline of 0.7% in the area during that time. The predominant age group in Parkes is 10-19 years. Households in Parkes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parkes work in a professional occupation.In 2021, 66.50% of the homes in Parkes were owner-occupied compared with 64.60% in 2016.
Parkes has 6,883 properties. Over the last 5 years, Houses in Parkes have seen a 57.58% increase in median value, while Units have seen a 60.98% increase. As at 30 November 2025:
- The median value for Houses in Parkes is $412,385 while the median value for Units is $389,788.
- Houses have a median rent of $445 while Units have a median rent of $310.
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