1/28 Windsor Avenue, Warragul VIC 3820
1/28 Windsor Avenue, Warragul VIC 3820
entry-level unit | strong rental yield potential | priced below some estimates | no overlay constraints | compact 72sqm footprint
This unit presents a competitively positioned entry point into the Warragul market, with the asking range sitting below several independent valuations and notably under the area median. The compact 72sqm footprint and low-maintenance configuration suit first-home buyers or investors seeking a manageable holding with a gross yield of approximately 5% at the lower end of the range. The absence of bushfire, flood, or heritage overlays removes common due diligence friction, and the proximity to Warragul North Primary School and the town centre supports consistent tenant demand.
The primary risk lies in the high renter concentration on the street, with around 80% of nearby properties tenanted, which may affect long-term capital growth relative to owner-occupied pockets. The last sale in October 2023 at $399,990 suggests limited price uplift, and the 72sqm lot size restricts future redevelopment potential. However, for a buyer seeking immediate cash flow and low holding costs, the rental estimate of $380–$395 per week provides a solid return, and the NBN connection adds a practical layer of appeal for remote workers or tenants
Detailed Independent Property Report prepared by PropCred Analyst team for 1/28 Windsor Avenue, Warragul VIC 3820
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
72m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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