379 Raglan Parade, Warrnambool VIC 3280
379 Raglan Parade, Warrnambool VIC 3280
5-bed 4-bath central house | 603m² block larger than typical | 9kW solar plus 32kWh battery | Walk to CBD and foreshore | Mixed-use corridor
This property is positioned well above the typical central Warrnambool home. A five to six bedroom configuration, four bathrooms, and a 603 square metre block are rarely found this close to the CBD and foreshore. Multiple private zones are created by the layout, making it well suited to extended families, guests, or households needing separate study and living areas. A 9 kilowatt solar array with battery storage is included, which is an unusual feature for this market and is expected to meaningfully lower ongoing energy costs. The property is best matched to family buyers who want suburban space without leaving the convenience of town.
The mixed-use character of the corridor may be viewed by some buyers as a drawback, with highway-facing lots and infill sites reducing the sense of a purely residential streetscape. The property’s above-typical size may push the eventual sale price beyond what many central buyers expect, and the buyer pool may be narrowed as a result. The energy package and flexible layout might draw buyers who would otherwise consider newer construction further from the centre. Land size and the potential for redevelopment may also be weighed by astute purchasers.
Detailed Independent Property Report prepared by PropCred Analyst team for 379 Raglan Parade, Warrnambool VIC 3280
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Warrnambool is positioned as a balanced regional city, with population tracking toward 41,000 and an expected 2,700 new homes over two decades. Demand is underpinned by strong renter interest across South West Victoria, with vacancy under 1% and limited rental stock. House prices have lifted to roughly $618,000–$635,000, with annual growth between 6.2% and 7.6%; units sit around $457,500–$468,450, growing near 7%. Houses sell in about 32 days, with weekly rents of $600 for houses and $450 for units, delivering gross yields around 5.3% on units. Annual house sales of roughly 550 indicate stable turnover. Future growth is supported by community-backed development aimed at preserving the coastal country town character, while transport and green space infrastructure are flagged as priorities. Key constraints include modest near-term housing approvals and a strong preference to protect rural land, which will keep supply tight relative to demand.
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PropCred Estimated Value
Comparable Sales: 367–373 Raglan Parade $2.6M (2022); 440 Raglan Parade 3/1/2 on 455m² | Property Price Band: $1.1M–$1.2M | Value Drivers: central 603m² land, five-bedroom layout, solar and battery storage
Bedrooms
6
Bathroom
4
Parking
3
Land
609m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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