…in the popular village of Wingello. 9 level acres with a circa 1920′s 3-bedroom weatherboard cottage. The R5 Large Lot residential zoning allows for a minimum Lot size of 1 acre, so the possibility exists for a small subdivision. Maybe keep the old homestead on an acre as a weekender to renovate and apply for a DA to subdivide the rest.
There is still NO STAMP DUTY on land purchase if building begins within 6 months and heaps of incentives for 1st time Home owner/builders so there is a lot of scope here; it just needs someone with the ability to turn potential into profit.
All the other subdivisions in Wingello are just about sold out and with the new road infrastructure being built around Marulan and the prospect of 120 permanent jobs at Holcim Quarry this entire area could well be on the grow. There are good schools and services in Goulburn only 25 minutes’ drive away and Sydney and Canberra within 90 mins.