122 Jamouneau Street, Warracknabeal VIC 3393
122 Jamouneau Street, Warracknabeal VIC 3393
Detached house on large block | Quiet tightly-held street | Strong owner-occupier demand | Regional affordability | Condition unverified
The property sits within a predominantly detached-house street where larger residential blocks are the norm, and the surrounding stock suggests a settled, low-turnover neighbourhood with long ownership periods. For a buyer seeking a regional house with genuine land content, this location offers the rare combination of established streetscape, practical block sizes, and a market that has not been overexposed to investor-driven turnover. The property is best suited to an owner-occupier or a renovator looking for a solid base in a modestly priced regional town, where comparable houses have shown a wide price spread depending on condition and improvements. The absence of verified finish details means the value lies more in the land and location than in any assumed internal quality.
Condition and presentation may materially affect how this house compares to others in the street, as nearby examples range from older established homes to properties still requiring completion. The block size, likely around the 650–1,100 m² range based on street patterns, could support extension or redevelopment potential, but that depends on zoning and the existing footprint. Buyer should weigh the holding period typical of this street and the modest rental returns when forming a price view, as these factors influence resale liquidity more than immediate capital growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 122 Jamouneau Street, Warracknabeal VIC 3393
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Warracknabeal, a regional Victorian town, presents a high-yielding, low-entry market. The median house price is $250,000 with reported annual growth of 25.31%, though another source cites a listing median of $239,000 and a -7.73% annual change, highlighting volatility. Rental yields are strong at 7.62% against a 4.2% regional benchmark, supported by a tight 0.23% vacancy rate and a $330 weekly median rent. Demand is primarily investor-led, driven by this yield gap and low price point. Houses average 38–100 days on market, reflecting variable liquidity, while 63 sales over the year indicate modest turnover. Future growth constraints include thin unit activity and reliance on a lower-income demographic, while the extremely low vacancy rate underpins rental stability. No explicit infrastructure or key demand drivers are documented, leaving long-term prospects tied to broader regional dynamics.
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PropCred Estimated Value
Comparable Sales: 91 Jamouneau Street sold around $450,000; 95 Jamouneau Street last sold 2016 | Property Price Band: $250,000–$350,000 | Value Drivers: land size, condition, layout flexibility
Bedrooms
3
Bathroom
1
Parking
1
Land
845m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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