6/4-6 Banyan Street, Warrnambool, VIC 3280 | Townhouse for sale | OnTheHouse
 
FOR SALE
$950,000

6/4-6 Banyan Street
Warrnambool VIC 3280

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 145m2
Land area: 150m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

BUSINESS / HOLIDAY / LIFESTYLE / INVESTMENT / RETIREMENT OPPORTUNITY

Positioned in one of Warrnambool's most sought-after central locations, midway between the CBD and the foreshore, this unique dual-key property offers an exceptional combination of lifestyle, flexibility and income potential.
Whether you are looking for a permanent home by the beach, a coastal escape, an investment, semi-retirement opportunity, intergenerational living or the chance to live in one and generate an income from the other, this is a property that can adapt as your circumstances change.
Apartment 6 comprises three bedrooms and two bathrooms in total, cleverly configured with an interconnecting door that allows it to operate as one substantial residence or as two separate, self-contained living spaces – 6 and 6A.
Downstairs, the spacious one-bedroom residence features a full kitchen with oven, dishwasher and full-size refrigerator, two separate living areas, laundry, private courtyard and front patio. One of the living areas also provides flexibility as an occasional additional sleeping space.
Upstairs offers two bedrooms, its own living area and kitchenette, a recently renovated bathroom, balcony and the added benefit of a single garage with recently finished epoxy flooring.
Together they provide an incredibly versatile three-bedroom, two-bathroom property. Separately, they create two independent spaces that can be occupied or rented in numerous combinations.
The location is equally impressive. Leave the car at home and walk to Warrnambool's CBD restaurants, cafés and shopping in one direction, or the foreshore, beach and Lake Pertobe in the other. Flagstaff Hill and the city's cultural and entertainment precinct are also virtually on your doorstep.
For more than two decades, the property has been successfully operated as short-stay accommodation, demonstrating just how well suited the dual-key configuration and location are to the accommodation market. Most recently, the two apartments have generated combined gross annual income in excess of $100,000 with an occupancy rate over 90%, with figures available to back this up.
For a purchaser interested in continuing to operate the property as short-stay accommodation, the experienced owner is happy to provide training and assistance to help them establish and operate their own accommodation business.
Alternatively, forget the business altogether. Live downstairs and rent upstairs to help with the mortgage. Use one level for visiting family. Create separate spaces for parents and adult children. Live permanently in the whole property. Use it as your own Warrnambool holiday base while generating an income when you're away. Or simply hold an unusually flexible investment in a tightly held central location.
See MoreView Statement of Information

Property Details for 6/4-6 Banyan St, Warrnambool

6/4-6 Banyan St, Warrnambool is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces. The property has a land size of 150m2 and floor size of 145m2. The place is currently for sale with Wilsons Warrnambool & District Real Estate.

Building Type
Townhouse
Floor Size
145m2
Land Size
150m2
Commute Calculator

About Warrnambool 3280

The size of Warrnambool is approximately 65.1 square kilometres. There are 76 parks, covering nearly 6.4% of the 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 19,994 properties. Over the last 5 years, Houses in Warrnambool have seen a 28.09% increase in median value, while Units have seen a 29.62% increase. As at 31 August 2026:

  • The median value for Houses in Warrnambool is $681,743 while the median value for Units is $494,883.
  • Houses have a median rent of $600 while Units have a median rent of $470.
There are currently 168 properties listed for sale, and 45 properties listed for rent in Warrnambool on OnTheHouse. According to Cotality's data, 924 properties were sold in the past 12 months in Warrnambool.

Warrnambool Profile Page

Suburb Insights for Warrnambool 3280

Visit Warrnambool profile page
Market Insights
Warrnambool Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Warrnambool Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Warrnambool profile page
Contact agent
agent headshot
Wilsons Sales
Show contact details
Call agent
Wilsons Warrnambool & District Real Estate
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED