305 Timor Street, Warrnambool, VIC 3280 | House for sale | OnTheHouse
 
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305 Timor Street
Warrnambool VIC 3280

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 1123m2
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A Truly Unique Investment Opportunity

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.
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Property Details for 305 Timor St, Warrnambool

305 Timor St, Warrnambool is a 4 bedroom, 2 bathroom House. The property has a land size of 1123m2. The place is currently for sale with Ray White Warrnambool.

Building Type
House
Land Size
1123m2
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About Warrnambool 3280

The size of Warrnambool is approximately 65.1 square kilometres. It has 76 parks covering nearly 6.4% of total area. The population of Warrnambool in 2016 was 29661 people. By 2021 the population was 31308 showing a population growth of 5.6% in the area during that time. The predominant age group in Warrnambool is 60-69 years. Households in Warrnambool are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warrnambool work in a professional occupation.In 2021, 67.10% of the homes in Warrnambool were owner-occupied compared with 63.70% in 2016.

Warrnambool has 19,802 properties. Over the last 5 years, Houses in Warrnambool have seen a 41.74% increase in median value, while Units have seen a 33.14% increase. As at 31 January 2026:

  • The median value for Houses in Warrnambool is $645,048 while the median value for Units is $424,616.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 148 properties listed for sale, and 28 properties listed for rent in Warrnambool on OnTheHouse. According to Cotality's data, 883 properties were sold in the past 12 months in Warrnambool.

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Jason Thwaites
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Grace Hill
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Ray White Warrnambool
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