18 Chenoweth Court, Warrnambool VIC 3280

Quiet court positioning | 720m² land on west side | 90% owner-occupied street | Agent guide below comparable sales. This property offers a rare configuration in a tightly held court: a townhouse on a full 720m² lot, which provides the land depth most buyers in this price bracket seek but rarely find in a cul-de-sac. The 90% owner-occupancy rate signals low turnover and stable demand, reducing resale risk. For a family buyer wanting a quiet, school-connected location with future subdivision optionality, the land size is the primary edge. The discrepancy between listing descriptions,three versus four bedrooms,should be verified, as it affects buyer pool size and valuation. The main risk is the agent’s $799,000 guide sitting above the high-confidence valuation range, which may deter price-sensitive buyers and lengthen holding time. However, the 2011 purchase history suggests no recent price discovery, and the nearby 16 Chenoweth Court listing at $795k–$865k provides a credible ceiling. If the property can be acquired near $760k, it offers immediate equity and strong rental cover at $690 per week. Hold for land appreciation in a stable west-side pocket, or subdivide later if council permits shift.