78 Clifford Street Warragul VIC 3820
78 Clifford Street Warragul VIC 3820
1960s custom brick veneer | prime inner?town walkable location | 2,041mΒ² with approved rear development permits | single?level, immaculately maintained
This property presents a rare combination of inner?town convenience and substantial development readiness. Its large, level rear land with existing permits offers a clear path to value addition, setting it apart from standard housing stock. The house itself is a well?preserved, single?level residence suited to a downsizer or an investor?developer, given its walkable proximity to WarragulΒs core amenities and lack of restrictive overlays.
The primary decision hinges on committing to the development potential; holding it solely as a rental yields a modest return, while the capital required to subdivide and build is material. Proceed with a firm plan to develop the rear to justify the price premium, otherwise the older dwelling on a large block carries an opportunity cost. A Propcred report would ground your offer with a current market valuation, verify permit conditions, and assess locality?specific risks for development.
Nearby comparable sale: 256 Sutton St, Warragul Β a 3?bedroom property. While the sale price is unconfirmed, this suggests the subject propertyΒs four?bedroom layout and significantly larger, developable land parcel command a substantial premium in this location.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Warragul is a thriving regional hub attracting young families and professionals seeking a balanced lifestyle with modern amenities. This demographic shift, supported by strong population growth, underpins steady demand. The housing market demonstrates resilience with stable values, while the unit segment presents a more varied performance. Future growth is anchored in continued infrastructure investment and its established community appeal, though the market’s evolution is tempered by a notable increase in available listings.