460 Raglan Parade, Warrnambool VIC 3280

6-bedroom house near Warrnambool CBD | separate study landing for students | large dining and established garden | strong rental or family buy The property’s six-bedroom layout with a dedicated upstairs study landing is rare in this price band, giving it a clear edge for investors targeting student or shared accommodation, or for larger families needing work-from-home space. The established garden and large dining area add practical livability that supports a stable tenant pool or resale appeal. Positioned close to schools and the CBD, this house suits a buyer seeking immediate rental yield or a multi-generational home without paying a premium for a renovated interior. The single bathroom across six bedrooms is the main constraint, limiting appeal for owner-occupiers and potentially capping rent per room. Buyers should budget for a second bathroom conversion to unlock full rental value. The wide valuation range reflects this functional gap. For a cash-flow focused buyer, the property works as-is with disciplined tenant screening; for longer-term hold, adding a bathroom before refinancing could lift equity. Hold for rental income or renovate selectively.