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Overview
This large corner block situated in Warrnambool’s emerging Oakwood estate presents a compelling opportunity for building a new home or investment property, subject to council approval. Its titled and clear land status minimizes initial hurdles for prospective buyers.
Positioned within easy reach of essential services such as childcare, schools, and retail outlets, the location caters well to families, first-home buyers, and investors, offering a convenient lifestyle with ample amenities nearby. Utility connections including power, gas, water, and high-speed NBN are readily accessible close to the site, thereby facilitating smoother development processes.
Offered as a blank canvas with the major task of land acquisition completed, this property invites those ready to realise their individual design and construction visions without the complexities of land settlement delays. The corner positioning also enhances potential for interesting architectural layouts and exposure.
Capitalising on the qualities of Oakwood estate could suit a variety of buyers who prioritize location convenience combined with flexibility in planning and design.
Local Market Insights
In Warrnambool, Quiet Listings observed 7 new parcels of land entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $724,857. The property type mix of listed properties is predominantly Houses at 65%, followed by land (11%), and units (8%). The most active agency for land in the Warrnambool area is currently Ray White, representing 43% of new listings, followed by Wilsons Warrnambool with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Warrnambool VIC 3280
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