15 Cullen Street, Warragul VIC 3820
15 Cullen Street, Warragul VIC 3820
4 bed family house | 625m² block | solar panels fitted | FTTP connected | no overlay constraints
This is a solidly configured family house that sits comfortably above entry-level stock in Warragul. The four bedroom, two bathroom, two car layout on a 625m² block gives it genuine appeal for owner occupiers looking for space without moving to the acreage market. The building footprint is generous at 242m², which means the internal living areas are likely to feel substantial rather than cramped, and the 39% site coverage leaves reasonable outdoor room for kids or entertaining. Solar panels add a practical running cost advantage that many buyers in this segment appreciate. The school zoning to Warragul North Primary and Warragul Regional College strengthens its position for families, and the absence of bushfire, flood, or heritage overlays removes a layer of due diligence concern that can complicate other properties in the region. This house serves the classic family buyer best, particularly those wanting a functional, low fuss home in an established residential pocket.
The 2019 sale price of $210,000 is clearly a historical anomaly relative to where the market sits now, so it should not anchor your thinking. What matters more is how this house presents internally, since the available data does not confirm finish quality, floorplan flow, or orientation. Those factors may influence value noticeably in this price range. The 625m² block is workable but not oversized, so there is limited land banking potential here. The property may also face typical suburban street noise or aspect limitations that only an inspection will reveal. Buyers should weigh the condition of the kitchen, bathrooms, and flooring against the asking level, and consider whether any updating would be needed within the first few years of ownership.
|| Comparable Sales: 20 Cullen Street sold $670,000 in 2022; 15 Tramway Street guided $710k–$770k | Property Price Band: $700K–$800K | Value Drivers: internal condition, presentation, land size relative to neighbours
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Cullen Street, Warragul VIC 3820
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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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: 20 Cullen Street sold $670,000 in 2022; 15 Tramway Street guided $710k–$770k | Property Price Band: $700K–$800K | Value Drivers: internal condition, presentation, land size relative to neighbours
Bedrooms
4
Bathroom
2
Parking
2
Land
625m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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