272 Lava Street, Warrnambool VIC 3280

5-bedroom family house | 493m² block with pool | 8% suburb growth | ocean views This property’s configuration is unusual for its price point — a five-bedroom layout on a manageable block with a swimming pool and two living areas positions it as a rare option for larger families who want immediate amenity without land excess. The 1940 build offers solid bones, and the absence of bushfire, flood, or heritage overlays simplifies due diligence considerably. For buyers seeking a central Warrnambool home with school catchment access and ocean views, this house provides a configuration edge over newer, smaller offerings in the same corridor. The primary risk is pricing disconnect: the listing sits well above the estimated value of $791,000 and the suburb median of $916,000 for five-bedroom houses, meaning the buyer must negotiate hard or accept negative equity in the short term. The rental yield of 4.5% and potential income of $595 per week offer a fallback if plans change, but the property is better suited as a long-term family hold than an investment flip. Hold this house for ten years and let the suburb growth rate of 8% work in your favour — the pool and study are genuine differentiators that will hold appeal in resale.