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305 Timor Street

Warrnambool, VIC 3280, Australia
$1.03m
4 bed 2 bath1123m²

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Area Price Guide
$968,200$1.09m

Indicative price guide range

🏘️
70
Comparable
📊
$640,000
Area median
⚖️
+61%
vs median
📐
$917
Per m²
📏
1123 m²
Land
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Positioned in a highly sought after central Warrnambool location, this standout property offers immediate income at the front with four fully operational squash courts, complete with male and female amenities, storage areas and an office. At the rear, the opportunity continues with three apartments in various stages of completion: • Two x two bedroom, one bathroom apartments nearing completion • One future three bedroom apartment with framing already in place This is a rare chance to transform the site into high demand central apartments, all within walking distance to Warrnambool's CBD, South West Healthcare (Warrnambool Base Hospital), shops, cafés and services. The proximity to the hospital makes the residential component particularly attractive for medical professionals, hospital staff and long-term tenants. With the potential to: • Generate dual income (commercial + residential) • Complete and hold as a strong investment • Or convert the entire complex into an apartment building and resell for profit Opportunities like this don't come around often. Vision, location and upside - all in one exceptional central Warrnambool property.

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $4,993/month
    $2,497 /fortnight
    Loan $824,000 at 6.10% over 30 years

    Upfront costs

    Deposit$206,000
    Stamp duty$56,650
    Conveyancing (est.)$2,000
    Total upfront$264,650
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    4
    Bathrooms
    2
    Land Area
    1123m²
    Listed
    2 months ago

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