FOR SALE
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531 Kooringal Road
Kooringal NSW 2650

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 16400m2
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Land Development Opportunity !

Already gazetted and approved for residential subdivision, this unique opportunity is now available for the developer wanting to expand their investments in a blue ribbon location.
A unique opportunity to acquire a parcel of small acreage with DA approval in Kooringal Road, Lake Albert, NSW, 2650. Spanning an impressive 16,440 square metres of prime land, this site is perfectly positioned for a lucrative development project.
Lot 2 of 531 Kooringal Road is more than just a plot of land; it's a canvas awaiting your masterstroke. Zoned R5, this property has already secured approval for subdivision into minimum lot size blocks of 1,500 square metres, which will allow for 9 generous lots aligning perfectly with the increasing demand for spacious, semi-rural living environments.
With DA 20/0506 already in place, you can bypass the uncertainty of planning permissions and move straight into execution.
The land comes with the considerable advantage with the current land holder already in possession of:
• A fire study and a biodiversity study which has already been conducted, ensuring environmental considerations are met.
• Essential Energy has provided power to the block boundary, paving the way for an efficient development process.
• Aboriginal due diligence study
• Engineering plans, proposed building envelopes, road and storm water construction details, etc, all completed.
Located in close proximity to the thriving centres of Kooringal and Lake Albert, this acreage offers future homeowners the convenience of nearby schools, shopping centres, medical facilities and the vibrant Lake Albert community. In addition, with the CBD merely a 5km drive away, the blend of country charm and city convenience is unparalleled.
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Property Details for 531 Kooringal Rd, Kooringal

531 Kooringal Rd, Kooringal is a 1 bedroom, 1 bathroom Other. The property has a land size of 16400m2. The place is currently for sale with Professionals Wagga Wagga.

Building Type
Other
Land Size
16400m2

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About Kooringal 2650

The size of Kooringal is approximately 4.8 square kilometres. It has 6 parks covering nearly 7.2% of total area. The population of Kooringal in 2011 was 7,308 people. By 2016 the population was 7,228 showing a population decline of 1.1% in the area during that time. The predominant age group in Kooringal is 20-29 years. Households in Kooringal are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kooringal work in a professional occupation. In 2011, 61.9% of the homes in Kooringal were owner-occupied compared with 59.7% in 2016.

Kooringal has 3,603 properties. Over the last 5 years, Houses in Kooringal have seen a 86.06% increase in median value, while Units have seen a 53.11% increase. As at 30 November 2024:

  • The median value for Houses in Kooringal is $517,406 while the median value for Units is $345,355.
  • Houses have a median rent of $470 while Units have a median rent of $320.
There are currently 39 properties listed for sale, and 8 properties listed for rent in Kooringal on OnTheHouse. According to CoreLogic's data, 170 properties were sold in the past 12 months in Kooringal.

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Paul Irvine
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Professionals Wagga Wagga
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