73 & 75 Murray Street, Wagga Wagga NSW 2650

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73 & 75 Murray Street, Wagga Wagga NSW 2650

$1,500,000

Search Band Search Visibility Band

$1.5M - $1.58M Transparent Transparent Listing Based on an openly advertised listing price.

House 5 Beds 2 Baths 2 Cars 1176 m² 1176 m²

Listed: 50 days ago

Updated: 30 days ago

Overview

Situated adjacent to the South Wagga shopping precinct and near the CBD, this property offers a valuable development opportunity with DA approval for four contemporary townhouses, each thoughtfully designed to maximise modern living.

Spanning a sizable 1,176.1 m², the site benefits from R3 – Medium Density Residential zoning, ideal for medium-density projects that respond to the area's anticipated growth. Existing improvements include two residences – a three-bedroom brick home at 75 Murray Street and a two-bedroom weatherboard home at 73 Murray Street – offering immediate rental income potential.

The approved development design outlines four three-bedroom, two-bathroom townhouses with extra practicality added by ground floor toilets. Each townhouse covers approximately 160 m² of floor area, with ground floors featuring open-plan kitchens and dining spaces complemented by walk-in pantries and laundry facilities, enhancing functionality for daily living.

Well-appointed first floors include spacious master bedrooms with concealed walk-in robes and ensuites, alongside two additional bedrooms, a main bathroom, and separate toilet for added convenience.
Thoughtful site orientation places entry porches to the west while providing rear alfresco areas to the east, offering inviting indoor-outdoor living and access to natural light.
Double garages accessed via a rear lane enhance security and privacy while simplifying vehicle movement.

This property presents an excellent option for developers and investors aiming to capitalise on South Wagga’s evolving residential landscape, supported by a considered townhouse design and proximity to key amenities including shopping and the CBD.

Local Market Insights

In Wagga Wagga, Quiet Listings observed 103 new houses entering the market over the last 30 days, up from 91 during the previous 30-day period, with an average advertised asking price of $938,165. The property type mix of listed properties is predominantly Houses at 83%, followed by land (6%), and villas (3%). The most active agency for houses in the Wagga Wagga area is currently PRD Nationwide, representing 23% of new listings, followed by Belle Property with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.