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Overview
Set on a substantial 907 square meter parcel with approximately 20 meters frontage, this property offers an exceptional opportunity in the Wollongong area for those seeking significant landholding potential. With R2 Low Density Residential zoning, the site presents broad scope for renovation, rebuilding, subdivision, or development, subject to council approval.
The existing residence features three bedrooms along with separate lounge and dining areas, complemented by a carport, providing a functional home with possibilities for enhancement or transformation. This versatility appeals to homeowners considering a dream home, investors eyeing the future potential, or developers aiming for larger projects.
Located in a highly sought-after area of Wollongong, the property benefits from proximity to important local amenities including Wollongong Private and Public Hospitals, the University of Wollongong, the Wollongong CBD, a range of shopping and dining options, and popular Illawarra beaches. This blend of convenience and lifestyle enhances the property's appeal.
The sizable land parcel with its combination of frontage, zoning, and location is increasingly rare, creating a compelling prospect for a variety of buyers. Whether looking for a residential project or an investment with development possibilities, this property represents a significant opportunity in an established urban setting.
Prospective buyers are advised that all redevelopment and subdivision options require approval by Wollongong City Council and must comply with relevant planning controls. The substantial land area affords the flexibility to consider multiple pathways to maximise value and utility.
Local Market Insights
In Wollongong, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 12 during the previous 30-day period, with an average advertised asking price of $1,411,000. The property type mix of listed properties is predominantly Apartments at 35%, followed by houses (31%), and units (17%). The most active agency for houses in the Wollongong area is currently Ray White, representing 27% 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.
Location
Wollongong NSW 2500
