248 Forest Rd · Bexley NSW 2207

Bexley suburb intelligence · all Sydney suburbs

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Currently listed — $1,800,000

3 bed · 2 bath · House · 588 m² land

View the live listing →

The Property Brief — what the evidence shows. You draw the conclusion.

CONSERVATIVE
$1.5M
the calibrated floor
LIKELY FAIR RANGE
$1.5M–$2.07M
around $1.77M mid
STRETCH CAP
$2.07M
$2.19M on the wider 80% band

Confidence: Low — based on 226 comparable auction sales (1 of this exact configuration) · model runs ±16% for this configuration · confidence held at Low — under 20 same-configuration sales · adjusted for this block's land size · thin comparable support for this configuration — read the range as wider, not as a warning · the model's typical miss is ~11% against published results — every hit and miss

What we've tracked

  • 22 May 2026 listed by the agency (portal date)
  • 27 June 2026 auction: Passed in (Domain NSW Real Estate)
  • 21 Aug 2026 asking $1.8M
  • 28 Aug 2026 on market 98 days — portal listing date

Comparable auction sales

AddressConfigSoldWhen
65 Bruce St3 bd · 1 ba$1.61MSept 2025
2 Connemarra St3 bd · 1 ba$1.9MSept 2025
24A Connemarra St3 bd · 1 ba$1.8MJune 2025
23 Broadford St3 bd · 2 ba$1.91MJune 2025

Suburb risk flags

aircraft noise moderate · crime index: 23 — below sydney average · 15 min walk to Bexley North · ~25 min train to the CBD · trains ~every 10 min at peak

Where every number comes from
  • Fair value: AI PropertyEye price model 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
  • Comps: published Domain auction results for Bexley — suburb × configuration matches, not hyper-matched to this address
  • Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
  • Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment

⏱ Days on market — this campaign

98 days since our daily sweep first saw this listing.

The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.

Rent evidence — asking vs transacted, Bexley · postcode 2207

$838–$1000/wk is what 3-bed houses in 2207 actually transact for (middle half of 32 bonds lodged, Q2 2026 · median $910/wk — NSW Fair Trading, CC BY).


2019Q1 → 2026Q2: $630 → $950/wk · +5% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for houses in 2207, all bedroom counts pooled.

Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.

Land — for a house, the land is the asset

588 m²

A house's size is its land. An apartment's advertised "size" can include car space and balcony — the two are never comparable and this site never pools them. Lot details and planning controls sit under Explore the area.

Published auction results at this address

Auction weekResultPriceAgency
27 June 2026Passed inwithheldDomain NSW Real Estate

From Domain's published weekly auction results — individual outcomes as published; withheld prices stay withheld.

Similar properties — on the market now

The 6 listings above are on the market now: same house category, within 1 bedroom of 3, asking within 20% of this one, in Bexley or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.

⏭ It passed in — what happens next — the question the listing stops at

Across Sydney, homes that passed in and later sold went for about 6% less than comparable homes that sold under the hammer.

Half sold within 33 days, 76% within three months.

Like-for-like within bedroom and property-type groups · 64 comparison groups across Sydney, sales settled in the last two years. Based on passed-in homes that later sold. Homes that never sold aren't in the figure, so read this as what a sale fetches — not what the home is worth. Passing in is a negotiating position, not a verdict — this is evidence about outcomes, never advice on what to offer.

Want the numbers agents don't volunteer?

Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.

Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.