16 Murray Street, Warrnambool VIC 3280

This is an incredibly rare opportunity to get into Central Warrnambool at an affordable price point. Ideally located just 400m from SWHC and within easy walking distance to CBD shops, restaurants and nightlife, these properties are few and far between at this entry level price with stacks of upside and redevelopment opportunity.

The original 1950s home has some nice period features like floorboards, high ceilings, spacious light-filled lounge and bedrooms, and will reward investors/ renovators/ first home buyers who are happy to roll their sleeves up. Comprising 3 good size bedrooms, lounge with split system heating/cooling, kitchen/ meals with gas stove, bathroom and toilet, laundry and second toilet plus rear sunroom. The house is sited on the left hand (North) side of the block, the adjacent old garage was removed years ago and there is plenty of room on the South side of the block to extend the house and/or add a new unit /studio/ sleepout/ garage to suit.

The property is nestled at the top of the Murray St hill on level ground, between Lava & Koroit Streets, the block measuring 22.6m frontage x 20m deep. In this location, you could clear the site and build your dream, forever home or maybe 2 new townhouses which would enjoy views over the city from a second storey. Keep the house, renovate, build next door and use for Airbnb or extended family... Astute buyers will realise the upside and potential of this property in a tightly held Central location with no Heritage overlays, albeit there's work to do and money to spend... hence the price!!

Call us today for more details and arrange a viewing. If you want to flip a home and make a decent profit, Central Warrnambool would definitely be a good start...