1/306 Koroit Street, Warrnambool VIC 3280

Renovated villa on 433m² | heritage character with modern ensuite | strong school zone and 5G coverage | no flood or bushfire overlay This property sits in a rare intersection of updated character and practical liveability, offering a buyer a renovated three-bedroom villa with a master ensuite on a manageable 433m² lot. The heritage overlay adds a layer of neighbourhood stability that typically supports long-term value retention, while the absence of bushfire or flood overlays reduces holding risk. The zoning into Warrnambool Primary School and Brauer Secondary College gives it an edge for families or future resale to that cohort. For a buyer seeking a low-maintenance home with period appeal and modern systems, this is a competitively positioned house in a convenient corridor. The heritage overlay is the key constraint it imposes stricter approval pathways for external changes, which a buyer should factor into any future renovation timeline or cost. The lot size is below the local median for detached housing, limiting extension potential without careful design. On the opportunity side the rental yield range of $500 to $605 per week suggests this could work as a hold-and-lease strategy if personal use is deferred. The recent listing freshness around four to seven days indicates the seller may still be in price discovery so a measured offer reflecting comparable sales in the street could strengthen a buyer’s negotiating position. Hold this property as a primary residence or a medium-term investment with a clear exit tied to school catchment demand.