FOR SALE
$810,000

7 Kooringal Avenue
Griffith NSW 2680

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1453m2
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DA APPROVED DEVELOPMENT OPPORTUNITY WITHIN HOSPITAL PRESCIENT

Price $810,00 plus GST
Presenting a rare and lucrative development opportunity in Griffith CBD/Hospital Prescient. This expansive 1400* square meter site has development approval for 4 units, featuring three bedrooms, 2 bathrooms, and a double garage. (information available on request)
( A DA approval of 8 double-storey units has been approved previously, but has now lapsed. This design would be great for the increasing demand for boutique low-maintenance housing, suitable for professionals, doctors, nurses and medical staff, which will increase with the soon-to-be-completed Griffith base Hospital.
Key Highlights:
+ Rare de-risked DA-approved boutique unit allotment
+ 1,400 sqm Total Approved
+ Regular-shaped level lot for ease of construction
+ Sought after CBD location offering a North-facing aspect.
+ 700m* walk to Griffith City Centre
+ Strong demand from local down-sizers and professionals
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Property Details for 7 Kooringal Ave, Griffith

Building Type
Land
Land Size
1453m2

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About Griffith 2680

The size of Griffith is approximately 52 square kilometres. It has 78 parks covering nearly 13.9% of total area. The population of Griffith in 2011 was 16,973 people. By 2016 the population was 18,198 showing a population growth of 7.2% in the area during that time. The predominant age group in Griffith is 0-9 years. Households in Griffith are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Griffith work in a labourer occupation. In 2011, 60.7% of the homes in Griffith were owner-occupied compared with 58.9% in 2016.

Griffith has 9,948 properties. Over the last 5 years, Houses in Griffith have seen a 74.08% increase in median value, while Units have seen a 80.40% increase. As at 31 October 2024:

  • The median value for Houses in Griffith is $534,447 while the median value for Units is $362,987.
  • Houses have a median rent of $490 while Units have a median rent of $400.
There are currently 68 properties listed for sale, and 43 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 328 properties were sold in the past 12 months in Griffith.

Suburb Insights for Griffith 2680

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Gavin Cappello
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Capello & Co
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.