108 Wangoom Road, Warrnambool VIC 3280
108 Wangoom Road, Warrnambool VIC 3280
Detached family house | North Warrnambool pocket | Larger block potential | Strong school access | Mixed street character
The property sits in a corridor where detached family housing is the clear norm, and the surrounding stock leans toward three and four bedroom homes with two bathrooms and double car accommodation. What stands out is the land size range in this immediate area, with several blocks running well above standard suburban dimensions, which gives this house genuine potential for side access, extra storage, or future outdoor entertaining. The pocket serves families and upgraders best, particularly those wanting proximity to Kings College P-12 and the Northpoint Shopping Centre without sacrificing space. The area has a practical, established feel rather than a polished new estate character, and the mix of older and newer builds means condition and presentation will carry real weight here.
The value picture may hinge on how this particular house compares to the newer stock nearby, since a recently built home on the street sets a high bar for finishes and layout. The block size and configuration might allow for improvements that older homes in the area cannot offer, and that could justify a premium if the current layout is already family friendly. Road exposure on Wangoom Road may be a consideration for some buyers, though the street itself appears to hold strong owner-occupier demand. Rental interest is evident for larger family houses in the suburb, which may support a floor under pricing even if the property is not in pristine condition.
|| Comparable Sales: 4 Wangoom Road sold 2019, now estimated near $970k; 86 Wangoom Road sold 2020 in $680k–$720k range | Property Price Band: $800k–$900k | Value Drivers: land size, condition relative to newer stock, layout flexibility
Detailed Independent Property Report prepared by PropCred Analyst team for 108 Wangoom Road, Warrnambool VIC 3280
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Warrnambool presents a compelling coastal growth corridor, balancing progressive development with its established country town character. Demand is underpinned by strong renter interest and a persistent shortage of rental stock, creating a tight market with exceptionally low vacancy. Recent price momentum reflects this sustained pressure, supported by steady sales activity. Future growth is anchored in planned population expansion and community-backed infrastructure investment, though the pace of new housing supply remains a key constraint against rising demand.
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PropCred Estimated Value
Comparable Sales: 4 Wangoom Road sold 2019, now estimated near $970k; 86 Wangoom Road sold 2020 in $680k–$720k range | Property Price Band: $800k–$900k | Value Drivers: land size, condition relative to newer stock, layout flexibility
Bedrooms
4
Bathroom
2
Parking
2
Land
700m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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