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Address

220 Gurwood Street, Wagga Wagga, NSW 2650

Investment Strategy

Renovator

Development Timeline

21/02/2023
Property Purchased
$465,000
15/04/2024
Property Sold
$982,500
See what it looks like today

Rental Insights

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Source: stashproperty.com.au

Development Stats

2024

Year of Development

391

days held

517

Gross Profit

About the Property

Timeless Elegance and Contemporary Convenience
220 GURWOOD STREET, WAGGA WAGGA
Nestled mere moments from the CBD and key landmarks like Wagga Base Hospital, RSL Club and Murrumbidgee Turf Club, this fully renovated three-bedroom residence embodies charm, convenience, and contemporary living.

With character and convenience fully intact your every whim has been carefully considered to ensure your peaceful enjoyment of this beautifully appointed home for years to come. The allure begins with the classic red brick fa├žade which invites you into a light-filled north-facing sanctuary that offers indoor/outdoor living at its finest.

– Featuring three bedrooms all boasting queen suites and built-in robes for ample storage
– Gourmet kitchen with pendant lighting, breakfast bar, stone benchtops, 900mm freestanding oven with a gas cooktop and a dishwasher all overlooking the dining and lounge and out to the deck
– Stunning tones through both bathrooms that offer walk in showers
– Ducted reverse cycle heating and cooling, 3metre ceilings, quality window furnishings and floating floors throughout
– Step from the lounge through the glass sliding doors to the peace, serenity and privacy that the elevated deck provides. With a fabulous outdoor kitchen everything is at your fingertips as you entertain your friends and family
– Beautiful landscaping, water feature, garden shed and brick firepit seating are all alluring additions to the secure backyard
– Rear lane access into the single lock up garage that has access into a fully lined home office/studio as well as back gates that open to allow parking for an additional three cars

This property is a testament to harmonizing character and modernity, providing a haven for peaceful living and vibrant entertaining. Seize the opportunity to relish in a home that embodies both timeless elegance and contemporary convenience.

Council Rates: $2,743.86 per annum
Land Size: 575.4m2

From the realestate.com.au listing

Source: stashproperty.com.au

About the Suburb

Wagga Wagga, NSW 2650, with a population of 7,198, offers a diverse mix of age groups, with a significant number of young adults aged 20-24 years and older adults aged 65 years or over. The median household income is $1,355 per week. The top three occupations include professionals, managers, and technicians/tradeworkers. Residents primarily commute by motor vehicle, with some opting to walk or work from home. The suburb has a balanced mix of homeowners and renters.

With a median house price of $661,000 and median unit price of $422,500, Wagga Wagga presents opportunities for both homeowners and investors. The sale price IQR ratios for houses and units indicate potential for renovation projects. The suburb has shown a moderate market absorption rate and rental yield. Units have experienced a higher median growth rate compared to houses. The vacancy rate is low, indicating demand for rental properties.

Wagga Wagga, NSW 2650, is a suburb with a diverse demographic profile and a mix of housing options suitable for both living and investment purposes. The suburb offers potential for renovation projects, especially in the unit segment. With moderate market indicators and a balanced demand-supply ratio for rental properties, Wagga Wagga presents a promising opportunity for those looking to enter the property market or expand their investment portfolio.

Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022

Suburb Median
Vacancy Rate
Sales Volume

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