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305 Timor Street

Warrnambool, VIC 3280, Australia
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4 bed 2 bath1123 m²

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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 Details

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

Repayment calculator

$3,188/month
$1,594 /fortnight
Loan $526,000 at 6.10% over 30 years

Price estimated from comparable nearby — edit below to use your own number

Upfront costs

Deposit$131,500
Stamp duty$34,520
Conveyancing (est.)$2,000
Total upfront$168,020
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.

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Neighbourhood

Living in Warrnambool

This 4-bedroom house in Warrnambool, VIC 3280 sits within reach of public transport, local shops and nearby schools.

Schools near Warrnambool

  • King's Collegecombined · Prep-12 · CoEd
  • Merri River Schoolcombined · U · CoEd
  • Merrivale Primary Schoolprimary · Prep-6 · CoEd
  • St Pius X Schoolprimary · Prep-6 · CoEd
  • Warrnambool East Primary Schoolprimary · Prep-6 · CoEd
  • Warrnambool Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Warrnambool Railway Station (train)362 m away
  • Aldi508 m away
  • Victoria Park956 m away
  • James Swan Reserve990 m away
  • Unnamed1.2 km away

Warrnambool at a glance

Full suburb profile
Population
31,308
Median age
42
Household income
$1,385/wk
Median rent
$290/wk
Median mortgage
$1,408/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Warrnambool price trend

Median sold · House 4 bed

Compound growth +1.2% / yr over 4 yrs

$725kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Warrnambool market

Within 5km

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