20 Hyland Street, Warrnambool VIC 3280
20 Hyland Street, Warrnambool VIC 3280
3 bed 1 bath on 606m² | 1940 build with carport | $545/wk rent potential | school-zoned family street | no overlay constraints
The property’s competitive edge lies in its rare combination of a detached 1940s house on a genuinely usable 606m² lot, positioned within walking distance of Warrnambool’s established services and school catchments. That land size alone sets it apart from newer, denser infill stock, and the absence of bushfire, flood, or heritage overlays means the site carries fewer regulatory hurdles than many older homes in the region. For a small family or downsizer wanting a solid, single-level footprint with room for a garden, a shed, or future redevelopment, this house offers a practical starting point. The rental estimate of $545 per week also signals consistent tenant demand, so an investor seeking a straightforward hold-and-rent scenario would find the numbers workable without chasing premium finishes.
What may materially shape its value is the age of the dwelling and the condition it is in. A 1940s build often means older wiring, plumbing, and insulation, so a buyer should budget for potential upgrades even if the home appears tidy. The single bathroom and one living area might limit appeal for larger families, and while the street enjoys elevated outlooks in parts, this particular lot’s aspect is not confirmed, so the view factor remains uncertain. The carport is a plus, but two dedicated spaces are not guaranteed undercover. These factors might soften the price if the interior feels dated, or could support a stronger figure if recent improvements have been made. Buyers should weigh the land’s redevelopment potential against the cost of modernising the house itself.
|| Comparable Sales: 58 Hyland Street sold at $595,000; 12 Hyland Street (2 bed) transacted near $540,000 | Property Price Band: $550,000–$650,000 | Value Drivers: land size, condition of 1940s build, street outlook potential
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Hyland Street, Warrnambool VIC 3280
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
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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.
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PropCred Estimated Value
Comparable Sales: 58 Hyland Street sold at $595,000; 12 Hyland Street (2 bed) transacted near $540,000 | Property Price Band: $550,000–$650,000 | Value Drivers: land size, condition of 1940s build, street outlook potential
Bedrooms
3
Bathroom
1
Parking
2
Land
607m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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