24 Dimboola Road, Warracknabeal VIC 3393
24 Dimboola Road, Warracknabeal VIC 3393
Rare 2,056 m² town block | small 2-bed footprint | land-rich offering | suited to space seekers | shallow local demand
Substantial land is provided by this property in the form of a 2,056 m² block, far exceeding typical residential allotments in Warracknabeal. A compact two-bedroom house is placed on that land, creating an uncommon ratio of outdoor space to built form. The value is positioned in the yard, which offers room for shedding, gardening, or potential future land use. This house is best suited to a buyer seeking low-density living with generous outdoor room, likely a local owner-occupier or a lifestyle purchaser prioritising space over internal size.
The sale price may be shaped by land usability and presentation. A higher view might be supported by a flat, clear site, while buyer interest could be narrowed by slope or access issues. The dwelling’s age and condition could be factored into the price, as updates may be required. Subdivision or alternate-use potential might be seen as a premium, depending on zoning and overlays. Thin local demand may be addressed by finding the right buyer.
>> Comparable Sales: Local trades for similar large lots in the low-to-mid $300Ks | Property Price Band: $300K–$400K | Value Drivers: land area, layout flexibility, condition
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Dimboola Road, Warracknabeal VIC 3393
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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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
Bedrooms
2
Bathroom
1
Parking
4
Land
2056m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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