1-5/5 Nelson St, Warrnambool is a 7 bedroom, 5 bathroom House with 5 parking spaces. The property has a land size of 1350m2.
Unlock an extraordinary investment opportunity that blends historic charm with lucrative returns! Benefit from a diversified income stream with these three individual one-bedroom, one-bathroom units with carport parking plus a sandstone home that has retained the intricate ornate details of a bygone era. The main home is split into two distinct living quarters, each boasting two spacious bedrooms, a living room, kitchen, bathroom and laundry, each with its own access plus carport space. High ceilings create an atmosphere of grandeur, while the allure of wooden floorboards and arched hallways adds a touch of nostalgia to a space where history comes to life. If you're ready to roll up your sleeves and add your mark on a property, with a little imagination these properties will evolve into something truly special and reward you in countless ways. Situated in a sought-after locale, this property enjoys consistent and high demand from renters. The combination of multiple units and a remarkable sandstone home ensures an impressive rental yield that sets this property apart. This unique setup allows for a diversified rental income that could optimise your investment strategy for years to come. Set on a 1350m2 approx. allotment and located on the doorstep of Reid Oval, Warrnambool City Bowls Club and Warrnambool College, this property is a short walk from the CBD and public transport. Success starts with a smart investment, and this is your moment to shine! Call Homeseeka Real Estate today for a private viewing.
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 19,820 properties. Over the last 5 years, Houses in Warrnambool have seen a 45.46% increase in median value, while Units have seen a 24.82% increase. As at 31 March 2026:
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