7 Westmore Street, Warrnambool VIC 3280

3 bed weatherboard | 595sqm near city | 1960s original condition | high school zone The property offers a rare combination of a full 595sqm block within walking distance to the Warrnambool CBD and a 1960s weatherboard structure that is well-maintained but unrenovated, giving a buyer genuine control over finish quality and cost. For someone seeking a family home in a strong school zone or a patient renovator, the below-median price point for a 3-bedroom house in this suburb provides a clear entry advantage, especially given the suburb’s 10.9% annual growth and 72% auction clearance rate indicating sustained demand. The 5.16% estimated rental yield also makes it viable as a hold-and-renovate strategy. The primary risk is the small 95sqm internal footprint, which limits immediate family living space without extension, and the fibre-to-the-node NBN may be a minor inconvenience for heavy remote workers. The asking price sits near the upper end of the estimated value range, so overpaying is a real risk if market conditions soften; however, the 2014 purchase price of $245,000 shows significant equity growth, and the absence of bushfire, flood, or heritage overlays removes costly compliance surprises. Buyers should negotiate firmly toward the $540,000 end, budget for a modest kitchen-bathroom refresh, and hold for at least five years to capture the suburb’s ongoing price growth and rental demand.