48 Wangoom Road, Warrnambool VIC 3280
48 Wangoom Road, Warrnambool VIC 3280
Substantial 1141m² block | Four-bedroom family home | Rare inner-suburban land holding | Long-term upside potential
The property’s competitive advantage lies in its unusually large 1141 m² land holding, a scarce configuration in Warrnambool’s residential market. This provides a buyer with significant flexibility for future expansion, substantial outdoor space, or potential redevelopment subject to council approval. It is best suited to families seeking a large home with generous land or buyers taking a longer-term view on land value in a growing regional city.
The primary risks involve the lack of confirmed details on internal condition, bathroom count, and garage configuration-due diligence on council zoning and subdivision feasibility is essential. The opportunity is the property’s recent return to market after a decade, which may indicate a seller motivated to transact, combined with the long-term upside of holding a large parcel in a well-located Warrnambool area.
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Wangoom Road, Warrnambool VIC 3280
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
!
1
Warrnambool VIC 3280
Warrnambool presents a compelling coastal growth corridor, balancing progressive development with its established country town character. Demand is underpinned by strong renter interest and a persistent shortage of rental stock, creating a tight market with exceptionally low vacancy. Recent price momentum reflects this sustained pressure, supported by steady sales activity. Future growth is anchored in planned population expansion and community-backed infrastructure investment, though the pace of new housing supply remains a key constraint against rising demand.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
1141m²
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst