21 Scenic Road, Warragul VIC 3820
21 Scenic Road, Warragul VIC 3820
Elevated parkside position | 3 bed, 2 bath, 2 car on 708 m² | Leased until Feb 2027 | Strong family-school proximity | Established street mix
This property holds a genuine competitive edge through its configuration and location. Three bedrooms with two bathrooms and double parking is a practical family layout, and the 708 m² block offers more space than several neighbouring houses on the street. The elevated, park-side setting adds a sense of openness that many level blocks lack, while walking distance to Warragul Primary School, St Paul’s Grammar, and the town centre strengthens everyday convenience. The existing tenancy until February 2027 makes it particularly suited to an investor seeking immediate rental income, though owner-occupiers willing to wait for vacant possession would also find the layout and yard appealing. It sits comfortably within the established housing character of Scenic Road, where block sizes and home quality vary, so this property represents a solid middle-to-upper option in that context.
The current asking range may be supported by the larger land size and superior configuration compared to smaller or older homes nearby, but the tenancy could affect how quickly an owner-occupier moves forward. The mixed quality of housing along the street might create some unevenness in how buyers perceive value, and the lack of a stated aspect means orientation benefits cannot be assumed. A buyer should weigh the security of existing rental income against the possibility of paying a slight premium for a property that may not be immediately available for personal occupation. The functional finishes, including ducted heating and a covered outdoor area, suggest a maintained family home rather than a renovated showcase, so presentation expectations should be moderate.
|| Comparable Sales: 57 Scenic Road sold $410,000; 19 Scenic Road sold $690,000 | Property Price Band: $580,000–$620,000 | Value Drivers: land size, configuration, tenancy status, school proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Scenic Road, Warragul VIC 3820
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Warragul, just over an hour from Melbourne, is a West Gippsland hub; population grew 26% since 2016, with 30-39 the largest cohort. Families, professionals and retirees drive demand, supported by strong schools and infrastructure investment. The median house price is around $650,000, with growth flat to low single-digit (2.28% versus -0.19% in 2025 estimates); units sit near $443,000, down 0.7-1.7%. Houses move in 45-62 days, with roughly 500 annual sales and 209 current listings, implying balanced supply. Gross yields are 4.25% for houses and 5.15% for units, while median weekly rents are $565 and $410. Future growth depends on continued infrastructure and education spending, but the median sales price over the past year reached $871,750, well above the house median; with 209 properties listed, supply levels may limit price growth.
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PropCred Estimated Value
Comparable Sales: 57 Scenic Road sold $410,000; 19 Scenic Road sold $690,000 | Property Price Band: $580,000–$620,000 | Value Drivers: land size, configuration, tenancy status, school proximity
Bedrooms
3
Bathroom
2
Parking
2
Land
709m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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