2/891 Raglan Parade, Warrnambool VIC 3280
2/891 Raglan Parade, Warrnambool VIC 3280
ground-oriented townhouse | 2 bed on 461m² lot | central Raglan Parade | strong entry-level/investor demand | FTTP and no overlay constraints
The townhouse is competitively positioned by its size: a ground-oriented two-bedroom layout on a 461 square metre lot is not commonly seen in this part of the corridor, where much of the stock is either smaller villa units or larger family homes. The generous land component is best understood as practical appeal for buyers wanting a low-maintenance home with room to breathe. Easy access to the Warrnambool CBD, the beach, and everyday services is provided by the central Raglan Parade address. The configuration is best matched to first-home buyers, downsizers, and investors seeking a modest-yield rental in a corridor with ongoing residential and commercial activity. The purchase is made relatively uncomplicated by residential zoning and the absence of significant overlay constraints.
Value may be affected by the townhouse’s position along a busy highway corridor and by its modest internal specification. The owner-occupier audience might be narrowed by traffic exposure, while the larger-than-typical lot could be seen as flexibility for future change, though that is not assured under current zoning. Rental demand appears adequate for a gross return near five percent, and final price may be influenced by how those factors are weighed against the simple two-bedroom layout. The townhouse is best thought of as a convenient, land-holding entry point in a mixed corridor.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/891 Raglan Parade, Warrnambool VIC 3280
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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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
Given the property’s estimated value and recent settled sales of similar townhouses in this locality, a realistic price band is $450,000 to $520,000.
Bedrooms
2
Bathroom
1
Parking
1
Land
461m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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