SOLD
Sold on 15 Aug 2024 for $1,315,000

463 Raglan Parade
Warrnambool VIC 3280

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1033m2
Sold By
HARRIS & WOOD - WARRNAMBOOL
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Property Details for 463 Raglan Pde, Warrnambool

Building Type
Commercial
Land Size
1033m2
Local Government
Warrnambool
Lot/Plan
17~22/PP5841

Last Listing description (December 2020)

This 14 unit motel is looking for an owner to drive the business in this fantastic motel town. Rooms are clean and neat and consist of a very versatile inventory which comfortably caters to corporate clients and travelling families alike.

- Central Location
- Prominent Street Frontage on the main thoroughfare into Warrnambool
- 14 units with a very versatile inventory that would cater to corporate guests through to travelling families
- Ideal operation for any couple
- Huge opportunity for growth
- Property inspections are by appointment only

Property History for 463 Raglan Pde, Warrnambool, VIC 3280

A timeline of how this property has performed in the market
Last Sold
$1,315,000
15 Aug 2024
  • 15 Aug 2024
    Sold for $1,315,000
  • 25 Oct 2018
    Listed for Sale $289,000
  • 25 Oct 2016
    Listed for Sale Not Disclosed
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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 2011 was 28,412 people. By 2016 the population was 29,659 showing a population growth of 4.4% in the area during that time. The predominant age group in Warrnambool is 50-59 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 2011, 64.1% of the homes in Warrnambool were owner-occupied compared with 63.7% in 2016.

Warrnambool has 19,184 properties. Over the last 5 years, Houses in Warrnambool have seen a 58.68% increase in median value, while Units have seen a 42.89% increase. As at 30 November 2024:

  • The median value for Houses in Warrnambool is $597,583 while the median value for Units is $432,126.
  • Houses have a median rent of $540 while Units have a median rent of $420.
There are currently 186 properties listed for sale, and 16 properties listed for rent in Warrnambool on OnTheHouse. According to CoreLogic's data, 644 properties were sold in the past 12 months in Warrnambool.

Suburb Insights for Warrnambool 3280

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.