FOR SALE
$500,000 - $530,000

1 Inverness Street
Warragul VIC 3820

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Land area: 826m2
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Two bed room house and development opportunity Take the Benefit of Victorian Govt's Off-the-Plan Stamp Duty Concession

This expansive property features a charming two-bedroom home and approved development plans for additional two-bedroom units, offering a unique opportunity to capitalize on Warragul's growth. Take advantage of the latest announcement on off-the-plan stamp duty reduction from the Victoria government! Situated on an 826 m² (approx) block of land, this property provides the flexibility to create townhouses or units ranging from 2 to 4 bedrooms, whether you choose to proceed with the approved plans or design your own development (STCA).
The property's dual unit approval allows for the construction of two separate residential units, offering various rental strategies. You can lease both units to maximize income potential or explore to live cum develop opportunity.
This two-bedroom house with dual unit approval presents an exceptional investment opportunity, combining residential comfort with high return potential. With its prime location, this property promises both immediate returns and long-term value appreciation in Warragul's dynamic real estate market.
For more information, contact Jitender KAJAL at 0430 381 816 or Ankush SHARMA at 0433 991 289.
Please see the below link for an up-to-date copy of the Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
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Property Details for 1 Inverness St, Warragul

1 Inverness St, Warragul is a 2 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 826m2. The place is currently for sale with Goldfish Real Estate.

Building Type
House
Land Size
826m2

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About Warragul 3820

The size of Warragul is approximately 55 square kilometres. It has 43 parks covering nearly 4.4% of total area. The population of Warragul in 2011 was 14,073 people. By 2016 the population was 15,764 showing a population growth of 12.0% in the area during that time. The predominant age group in Warragul is 50-59 years. Households in Warragul are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warragul work in a professional occupation. In 2011, 71.9% of the homes in Warragul were owner-occupied compared with 72.7% in 2016.

Warragul has 12,736 properties. Over the last 5 years, Houses in Warragul have seen a 40.26% increase in median value, while Units have seen a 37.93% increase. As at 30 November 2024:

  • The median value for Houses in Warragul is $675,562 while the median value for Units is $415,234.
  • Houses have a median rent of $520 while Units have a median rent of $380.
There are currently 179 properties listed for sale, and 50 properties listed for rent in Warragul on OnTheHouse. According to CoreLogic's data, 546 properties were sold in the past 12 months in Warragul.

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Jitender Kajal
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Ankush Sharma
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Goldfish Real Estate
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