8 Roache Court, Warrnambool VIC 3280
8 Roache Court, Warrnambool VIC 3280
Large 976m² block | older detached house | family appeal | strong outdoor space | solid entry price
This property’s main competitive edge is its land. At 976m², it offers a rare level of space in an established Warrnambool suburb, making it a practical choice for families wanting room for a shed, garden, or future extension. The 3-bedroom, 1-bathroom layout is straightforward and functional, with a 291m² footprint that leaves generous yard area. It suits buyers prioritising land over modern finishes—owner-occupiers seeking a project or investors after durable rental demand. The price point aligns with typical family housing in the area, giving it broad appeal without being premium.
The value may be influenced by the dated interior and single bathroom, which could require updating to match contemporary expectations. The FTTN connection might be a minor drawback for some, though 5G coverage mitigates this. The large block could support subdivision or redevelopment, but this depends on council approval and should be weighed cautiously. Rental potential around $625 per week offers a reasonable yield, but the property’s final price will hinge on how buyers value the land versus the older house condition.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Roache Court, Warrnambool VIC 3280
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✓
Market Insight
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
Comparable Sales: 2 Roache Court, 4-bed, 2-bath, 808m² sold $550k–$600k; similar older-style homes in court locations around $580k–$650k | Property Price Band: $600K–$700K | Value Drivers: land size, potential for updates, outdoor space flexibility
Bedrooms
3
Bathroom
1
Parking
2
Land
988m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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