8 Wakaden Lane, Griffith, NSW 2680 | Property Value & History | OnTheHouse
OFF MARKET

8 Wakaden Lane
Griffith NSW 2680

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 77m2
Land area: 1009m2
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Property Details for 8 Wakaden Lane, Griffith

8 Wakaden Lane, Griffith is a 2 bedroom, 1 bathroom House. The property has a land size of 1009m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in December 2023.

Building Type
House
Floor Size
77m2
Land Size
1009m2
Local Government
Griffith
Lot/Plan
4/DP838164

Last Listing description (January 2024)

Auction Location: On Site

Embark on an exciting journey with this once-in-a-generation development site, hitting the market for the first time in over 50 years! Positioned a mere 250m from the heart of Griffith's CBD, this is where your vision for a vibrant future begins.

Spread across a sprawling 1,009sqm (free hold) with a generous 25m street frontage, 8 Wakaden Lane is a canvas for innovation, offering boundless potential to shape the skyline with a high-demand rental housing complex.

The Griffith City Council champions a bold dream for denser development, a stone's throw from this site, aligning perfectly with the modern ethos of urban living. Imagine multi-story flats, a mix of 1 and 2-bedroom apartments, and a contemporary boarding house, all within walking distance to the city's hub.

Delve into the Griffith Residential Control Plan and visualize the transformation. The blueprint beckons for medium density units, affordable housing, and a robust FSR of 2.5:1 south of Wakaden Street, ensuring your project not only meets but exceeds expectations.

Tap into a diverse tenant pool eager for quality living spaces - from medical professionals and students to educators and transient workers. Your development will become the heartbeat of the community, a cornerstone of growth and prosperity.

Investors, this is a call to action! Seize this rare chance to make a tangible impact, to craft a legacy in a city poised for expansion. With 8 Wakaden Lane, you're not just building structures; you're shaping futures.

Explore the details, envision the potential, and let's turn this blueprint into reality. Welcome to 8 Wakaden Lane - where your investment soars, and community thrives.

This excerpt is taken from the Griffith Residential Control Plan:

The Central Griffith (North) precinct is located to the north of the Griffith CBD. The Precinct contains a mixture of residential accommodation including single dwellings, dual-occupancies and multiple dwelling housing on lot sizes averaging around 1100 m2 with 20 m frontages.
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 and boarding houses. Binya Street should be preferred locations for multiple dwelling housing, dual occupancies and single storey boarding houses. The existing rail terminal lands should be redeveloped for medium density housing once the freight terminal is relocated. Max FSR 2.5:1 on lands south of Wakaden Street

See the below link to: Griffith Residential Control Plan and view the Central Griffith (NORTH) Precinct for more details.

https://files.griffith.nsw.gov.au/Griffith%20Residential%20Development%20Control%20Plan%202020%20-%20Amendment%201.pdf

Property History for 8 Wakaden Lane, Griffith, NSW 2680

A timeline of how this property has performed in the market
Last Sold
$295,000
16 Dec 2023
  • 16 Dec 2023
    Sold for $295,000
  • 24 Nov 2023
    Listed for Sale Auction
  • 29 Mar 1995
    Sold for $21,000
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About Griffith 2680

The size of Griffith is approximately 52.0 square kilometres. It has 78 parks covering nearly 13.9% of total area. The population of Griffith in 2016 was 18196 people. By 2021 the population was 19505 showing a population growth of 7.2% in the area during that time. The predominant age group in Griffith is 30-39 years. Households in Griffith are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Griffith work in a labourer occupation.In 2021, 58.00% of the homes in Griffith were owner-occupied compared with 58.90% in 2016.

Griffith has 10,065 properties. Over the last 5 years, Houses in Griffith have seen a 66.63% increase in median value, while Units have seen a 55.79% increase. As at 28 February 2026:

  • The median value for Houses in Griffith is $615,715 while the median value for Units is $370,988.
  • Houses have a median rent of $520 while Units have a median rent of $430.
There are currently 39 properties listed for sale, and 34 properties listed for rent in Griffith on OnTheHouse. According to Cotality's data, 411 properties were sold in the past 12 months in Griffith.

Suburb Insights for Griffith 2680

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.