192 Bowen Street, Warragul VIC 3820
192 Bowen Street, Warragul VIC 3820
Family home on 669sqm | 4 bedrooms, 2 bathrooms | below estimated value | strong owner-occupier street | zoned for Warragul schools
This property offers a rare combination of generous land size and solid internal dimensions in a premier Warragul location, with an asking range that sits notably below the estimated market value. The 222sqm floorplan with two living areas, ensuite, ducted heating, evaporative cooling, and solar panels makes it a low-maintenance family proposition in a street where 85% of residents are owners – a strong indicator of neighbourhood stability and demand quality. For buyers seeking a house that can serve a family immediately while holding long-term appeal, this represents a competitive entry point in a market where median prices are around $720,000.
The primary risk is that the property’s elevated position and roof height of six metres may expose it to greater wind or weather effects, though no bushfire, flood, or heritage overlays were detected. The NBN connection is Fibre to the Node rather than Fibre to the Premises, which may be a minor consideration for some buyers but is not a prime value driver. The opportunity lies in the gap between the asking range and the estimated value – if condition is sound and inspections confirm no deferred maintenance, this could offer immediate equity upside in an active local market with recent sales supporting price growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 192 Bowen Street, Warragul VIC 3820
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
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
4
Bathroom
2
Parking
2
Land
669m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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