1-5/5 Nelson St, Warrnambool, VIC 3280 | Property Value & History | OnTheHouse
OFF MARKET

Nelson Street
Warrnambool VIC 3280

Bedrooms: 7
Bathrooms: 5
Car spaces: 5
Land area: 1350m2
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Property Details for 1-5/5 Nelson St, Warrnambool

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.

Building Type
House
Land Size
1350m2
Local Government
Warrnambool

Last Listing description (August 2024)

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.

Property History for 1-5/5 Nelson St, Warrnambool, VIC 3280

A timeline of how this property has performed in the market
  • 17 Jun 2024
    Listed for Sale $870,000 - $910,000
  • 11 Aug 2023
    Listed for Sale $890,000 - $920,000
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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 19,820 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:

  • The median value for Houses in Warrnambool is $686,827 while the median value for Units is $444,586.
  • Houses have a median rent of $600 while Units have a median rent of $450.
There are currently 161 properties listed for sale, and 39 properties listed for rent in Warrnambool on OnTheHouse. According to Cotality's data, 918 properties were sold in the past 12 months in Warrnambool.

Suburb Insights for Warrnambool 3280

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Cotality Copyright and Legal Disclaimers about Property Data
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.