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58 Morriss Road

Warrnambool, VIC 3280, Australia
$400,000
4 bed 1 bath 2 car641m²

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Area Price Guide
$376,000$424,000

Indicative price guide range

🏘️
83
Comparable
📊
$530,000
Area median
⚖️
-25%
vs median
📐
$624
Per m²
📏
641 m²
Land
🗓️
Today
Listed

Property Insights

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

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About this property

This might just be what you've been waiting for...a spacious 4BR home on a decent block at a very affordable price. The house has good bones and some great features but also needs money spent on it, hence the appealing asking price. It would ideally suit First Home Buyers on a budget wanting to get into the market, and /or tradies, flippers wanting to add value over time and/or investors looking for a low priced home with size and potential to attract a high rental yield. The fibro cement sheet home was originally built in the 1960s, and features high ceilings, hardwood floorboards and good sized rooms. There are 4 bedrooms with BIRs, a front lounge with gas heater, good sized meals/ family area opening to an undercover pergola, solar system and evaporative cooling ducted throughout. The kitchen and bathroom are large rooms with plenty of scope, but both need repairs/ renovations; there is a separate laundry off the kitchen and 2 toilets. The house is set back on a 641m2 block, with parking space for extra vehicles out the front, a wide driveway leading to the single carport and lock up garage down the right hand side of the property and a deep enclosed yard with storage shed and pergola out the back. 58 Morriss Road is in a great position for families, within easy walking distance to both primary and secondary schools, and just moments from CBD shops and all amenities. You won't find many 4BR homes in this price range, this is entry level buying at its best where you can escape the rental trap and own your home... for this price you'll need to roll up your sleeves and you can reap the rewards, renovate and add value over time, without breaking the budget. A rare opportunity at this price point, inspection a must!

Property Features

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    Repayment calculator

    $1,939/month
    $970 /fortnight
    Loan $320,000 at 6.10% over 30 years

    Upfront costs

    Deposit$80,000
    Stamp duty$19,070
    Conveyancing (est.)$2,000
    Total upfront$101,070
    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
    1
    Parking
    2
    Land Area
    641m²
    Listed
    Today

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