56 Gipps Street, Wollongong, NSW 2500

Bidders Guide $1,695,000

House
Type
2
Bedrooms
1
Bathrooms
1
Parkings
419.7 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 56 Gipps Street, Wollongong, NSW 2500)

Bidders Guide $1,695,000

Daniel Hastings Director - Head Auctioneer, Residential Sales
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A charming, character-filled home site in Wollongong’s highly sought-after Smith’s Hill area, perfect for redevelopment or renovation with excellent amenities nearby.

🏡 Property Highlights

  • Prime location just minutes from Wollongong CBD and Harbour
  • Rare, near-level site ideal for redevelopment or renovation
  • Close proximity to highly regarded schools including Smiths Hill High
  • Walkable to Wollongong’s iconic ocean pool and beaches
  • Zoned R1 with generous building height and Floor Space Ratio
  • Impressive decorative high ceilings and period features

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Waterfront / Views
  • Ceiling Fans
  • Open-Plan Living
  • Waterfront / Views
  • Open-Plan Living
  • Waterfront / Views
  • Open-Plan Living

Smith’s Hill in Wollongong offers a vibrant community with easy access to beaches, parks, and the city centre. Key highlights include proximity to top schools, excellent transport links, and a relaxed coastal lifestyle. The area features a mix of charming character homes and development opportunities, making it ideal for families and investors alike.

What are the potential uses for this land in the Smith’s Hill area?
The land is zoned R1 with a Floor Space Ratio of 2.5:1 and a 22-metre height limit, making it suitable for redevelopment, including building a new home or multi-dwelling project, subject to council approval.
How close is the property to local amenities and transport?
The property is within an 8-9 minute walk to Wollongong CBD, Wollongong Harbour, and North Wollongong Train Station, with highly regarded schools nearby, providing excellent connectivity and lifestyle options.
Are there any restrictions or considerations for building on this site?
The site is near level with the sewer main located in the street, which limits building restrictions. However, prospective buyers should verify all planning and zoning details with local authorities.
Are there any existing easements, covenants, or planning restrictions affecting the property? Has the property been tested for any environmental issues or contamination? Are there any upcoming development plans or zoning changes in the area that could impact the property’s value? What are the total costs involved in redevelopment or renovation, including council fees and approvals? Is there any history of flooding or bushfire risk in this area that should be considered?

56 Gipps Street, Wollongong, NSW 2500 - More Details

Bidders Guide $1,695,000

A truly rare home offering, being one of the few home sites still available in the highly sort after "Smith's Hill" area of Wollongong.
Perfect for those looking to re-build or bring back to life the charming cottage with ample period features, this fabulous lifestyle opportunity further entails;

• Impressive decorative high ceilings and cornices, provide ample opportunity to renovate to its former glory.
• Direct 8-9 minute easterly walk to the steps of the Continental Baths ocean pool & Wollongong Harbour.
• Highly regarded schools close by, with Smiths Hill High approximately 60 metres away while Wollongong Primary is an estimated 7 minute walk.
• North Wollongong Train Station also an 8-9 minute walk.
• Wollongong's CBD an estimated 6 minute walk & the City Mall 8-9 minute walk, via neighbouring Keira Street.
• Near level site for which the sewer main is located in the street.
• Land dimensions of 12.19m x 35.97m/33.83m & 419.7m2 land area.
• R1 zoning with Floor Space Ratio of 2.5:1 & 22 metre building height limit.
• NSW government's new Transport Oriented Development zone.
Type
House
Bedrooms
2
Bathrooms
1
Parkings
1
Area
419.7 m²

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