OFF MARKET

111 Bakers Lane
Gumly Gumly NSW 2652

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 834300m2
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Property Details for 111 Bakers Lane, Gumly Gumly

Building Type
Land
Land Size
834300m2
Local Government
Wagga Wagga
Lot/Plan
20/DP1172992

Last Listing description (November 2023)

Colliers are pleased to present 111 Bakers Lane, Gumly Gumly to the market for sale via public auction. The property is a residential zoned parcel of 84 hectares* on the fringe of Wagga Wagga CBD, primed for development.

The property is in the booming region of Wagga Wagga which is experiencing tremendous growth in population and economy. The site area totals 84 hectares* on Bakers Lane, with an underlying R5 Large Lot Residential zoning - allows developers to prepare a subdivision to cater for market demand for larger lots.

- One of the largest private residential landholdings providing a significant site area of 84 hectares*, and 400m* frontage to Bakers Lane

- Approved land zoning of R5 Large Lot Residential, perfect for local demand and shortage of housing in the Wagga Wagga region.
- Concept subdivision and servicing plans for the site show an 82-lot subdivision and large residential residual lot, subject to council approval
- Located only 5 km from Wagga Wagga CBD - NSW's largest inland city. Less than 1km to Sturt Highway.
Services including water, sewer, power and gas are all available to the site
- Data Room available with list of consultant reports on the site to assist with site analysis

This is an incredible opportunity to capitalise on the residential demand in the area. Wagga has seen an increase in median house price of 65% over the past five years.^

The property will be sold by way of public auction on 23rd November 2023, held both online and in-room at Dexus Place, 1 Margaret Street Sydney NSW 2000.

Contact Colliers for more information.

*Approx.
^***

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Property History for 111 Bakers Lane, Gumly Gumly, NSW 2652

A timeline of how this property has performed in the market
Last Sold
$2,060,000
04 Dec 2018
  • 16 Oct 2023
    Listed for Sale Please contact agent
  • 04 Dec 2018
    Sold for $2,060,000
  • 04 Sep 2018
    Sold
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About Gumly Gumly 2652

The size of Gumly Gumly is approximately 12.4 square kilometres. It has 1 park covering nearly 1% of total area. The population of Gumly Gumly in 2011 was 288 people. By 2016 the population was 295 showing a population growth of 2.4% in the area during that time. The predominant age group in Gumly Gumly is 60-69 years. Households in Gumly Gumly are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gumly Gumly work in a trades occupation. In 2011, 85.6% of the homes in Gumly Gumly were owner-occupied compared with 80.4% in 2016.

Gumly Gumly has 286 properties. Over the last 5 years, Houses in Gumly Gumly have seen a 74.83% increase in median value, while Units have seen a -4.58% decrease. As at 30 November 2024:

  • The median value for Houses in Gumly Gumly is $845,303 while the median value for Units is $433,855.
There are currently 4 properties listed for sale, and no properties listed for rent in Gumly gumly on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Gumly gumly.

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