OFF MARKET

531 Kooringal Road
Lake Albert NSW 2650

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 253m2
Land area: 22874m2
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Property Details for 531 Kooringal Rd, Lake Albert

531 Kooringal Rd, Lake Albert is a 4 bedroom, 2 bathroom House and was built in 1980. The property has a land size of 22874m2 and floor size of 253m2. While the property is not currently for sale or for rent, it was last sold in April 2005.

Building Type
House
Year Built
1980
Floor Size
253m2
Land Size
22874m2
Local Government
Wagga Wagga
Lot/Plan
2/DP1009360

Last Listing description (January 2025)

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.

Don't miss this chance to transform this exceptional tract of land into a sought-after residential enclave. Contact us to secure this development goldmine today!

With land in this area at a premium, this subdivision would be welcomed by the marketplace and would be a profitable land acquisition for future land sales.

Property History for 531 Kooringal Rd, Lake Albert, NSW 2650

A timeline of how this property has performed in the market
Last Sold
$530,000
28 Apr 2005
  • 13 Dec 2024
    Listed for Sale CONTACT AGENT
  • 09 Apr 2020
    Listed for Sale $950,000
  • 28 Apr 2005
    Sold for $530,000

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About Lake Albert 2650

The size of Lake Albert is approximately 24.7 square kilometres. It has 10 parks covering nearly 3.5% of total area. The population of Lake Albert in 2011 was 5,881 people. By 2016 the population was 6,190 showing a population growth of 5.3% in the area during that time. The predominant age group in Lake Albert is 10-19 years. Households in Lake Albert are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lake Albert work in a professional occupation. In 2011, 81.2% of the homes in Lake Albert were owner-occupied compared with 79.7% in 2016.

Lake Albert has 2,801 properties. Over the last 5 years, Houses in Lake Albert have seen a 100.25% increase in median value, while Units have seen a 38.20% increase. As at 31 December 2024:

  • The median value for Houses in Lake Albert is $734,080 while the median value for Units is $342,415.
  • Houses have a median rent of $530 while Units have a median rent of $325.
There are currently 28 properties listed for sale, and 10 properties listed for rent in Lake albert on OnTheHouse. According to CoreLogic's data, 98 properties were sold in the past 12 months in Lake albert.

Suburb Insights for Lake Albert 2650

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Disclaimer
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.