5 Wallace Ave, Warrnambool is a 2 bedroom, 1 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 2 bedroom House sold in Warrnambool in the last 12 months.
Welcome to 5 Wallace Avenue, a delightful two bedroom cottage brimming with charm and opportunity. Perfect for first home buyers, renovators or savvy investors, this home offers the chance to create something truly special. Situated in a quite cul de sac - enjoy a quiet lifestyle.
Set on a manageable 531sqm block, the cottage features a functional floorplan with two bedrooms, a central living area and classic cottage charm throughout. The home includes updated laundry and bathroom for ease and convenience. With solid bones and scope to update, extend or modernise, this property is a canvas ready for your vision. Side access on either side of the property too! Single lock up garage or storage space.
Conveniently located close to Northpoint shopping complex, primary and secondary schools, childcare and amenities like Aquazone aquatic centre, you'll enjoy both lifestyle and potential growth, with the ability to walk and enjoy Russells Creek Walking trails on your doorstep!
Whether you are looking to move in and make improvements over time, or undertake a renovation project from the start, 5 Wallace Avenue is full of promise.
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 19,813 properties. Over the last 5 years, Houses in Warrnambool have seen a 44.74% increase in median value, while Units have seen a 35.85% increase. As at 30 November 2025:
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