Big land. Big location. Even bigger Possibility. Feels right.
Some opportunities are simply too good to overlook! Positioned in the heart of Griffith, 205 & 207 Wakaden Street present a rare chance to secure two adjoining titles combining approximately 2,200sqm of prime central real estate. For developers, builders and investors with an eye for opportunity, this is a landholding that invites big ideas and even bigger possibilities.
With Griffith’s continued growth and increasing demand for quality residential accommodation, the timing couldn’t be more compelling. Griffith City Council’s long-term housing strategy reinforces the need for more homes and greater housing diversity, making substantial, well-located landholdings like this particularly appealing.
We’ve already explored some of the possibilities, preparing four proposed residential development concepts ranging from luxury family homes to a twelve-dwelling development. But why stop there? Bring your own vision, explore the potential and imagine what you could create on this impressive parcel of central Griffith land, subject to the necessary approvals.
Key features:
– Zoned R3 – Medium Density Residential
– Two adjoining titles offered as a whole — approximately 2,200sqm combined landholding
– Central Griffith location with convenient access to the CBD, schools, clubs and medical precinct
– 205 Wakaden Street — neat, habitable three-bedroom home with bathroom and additional toilet, offering potential rental income while future plans take shape
– 207 Wakaden Street — an uninhabitable dwelling offering a serious renovation challenge for the right tradesperson or potential redevelopment opportunity
– Substantial landholding with scope to investigate a variety of residential development options
– Opportunity to invest, renovate, develop or landbank for the future
The Opportunity
Collect the rent while you draw the plans. Put your trade skills to work. Or take a longer-term view and secure the land today for tomorrow’s possibilities.
We’ve put forward four concepts to get the ideas flowing — now it’s your turn to imagine what this impressive landholding could become.
Location
Central Griffith continues to be a location that makes sense for residents and investors alike. With the CBD, Griffith Base Hospital, schools, sporting facilities and local clubs all within easy reach, the convenience and accessibility of this established neighbourhood add genuine appeal to the opportunity.
Importantly, Griffith City Council’s Housing Strategy 2025 identifies a projected need for approximately 2,725 additional homes by 2046, with an emphasis on greater housing diversity and appropriately located medium-density development.
“The projected future character of the Precinct is to be redeveloped with medium density units with an emphasis on affordable housing. A higher FSR has been allocated to the Precinct to promote higher densities. Underutilised lots with frontage to Wakaden Street should be a preferred location for multi-storey residential flat buildings, boarding houses and co living housing. “
If this feels right, reach out today to explore the opportunity!
________________________________________
Information Index
1. Griffith City Council — Griffith Housing Strategy 2025: Housing demand projections, housing diversity and future residential accommodation needs.
2. Griffith City Council — Residential Development Control Plan: Planning principles and development considerations relevant to central Griffith and Wakaden Street.
3. Proposed Development Concept Plans — 205 & 207 Wakaden Street: Four indicative residential development configurations prepared for marketing and feasibility discussion.
4. Property Information — 205 & 207 Wakaden Street: Existing dwelling descriptions and combined land area of approximately 2,200sqm, subject to title and survey confirmation.
Important information: All development concepts are indicative only and do not constitute approved development plans. Any future development, demolition, subdivision or change of use is subject to applicable planning controls, feasibility investigations and necessary Council or authority approvals. Potential rental income is not guaranteed and is subject to tenancy, property condition and relevant legal requirements. Purchasers should undertake their own investigations and obtain independent professional advice.