42 Timor Street Warrnambool VIC 3280

Period home on large block | Central tightly-held street | Scope to renovate or extend | 700sqm land in blue-chip locale This property presents a rare opportunity to secure a character-filled house on a substantial parcel of land in a central, tightly-held location. The 700sqm block is the key competitive strength, offering immediate utility and significant future potential for extension or renovation, subject to council approval. This house best serves a buyer seeking a long-term home with the space to grow, or an investor-builder looking for a land bank with existing income. The primary risk is the cost and uncertainty of council approvals for any development, coupled with the potential for high renovation expenses in a period home. The commercial logic is in the land value; the existing house, last sold in 1996, is effectively a holding proposition. Acquire this for the land and location, hold it for the long term, and improve it to realise its potential. A Propcred report would ground your offer with a real market valuation and clarify locality-specific risks, zoning, and insurance considerations for a property of this age.