8 and 8A Gould Street, Warracknabeal, Vic 3393

$695,000

House
Type
7
Bedrooms
2
Bathrooms
3
Parkings
1,012 m²
Area

Last updated on Saturday, May 16, 2026 ( See property details for 8 and 8A Gould Street, Warracknabeal, Vic 3393)

$695,000

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A versatile dual-home investment on a spacious 1.2HA block, offering immediate rental income and development potential in Warracknabeal.

🏡 Property Highlights

  • Dual income with two tenanted houses generating a combined weekly rent of $755
  • Strong rental yield of 5.6% on a 1.2HA land parcel
  • Flexible investment opportunity with potential for future development (STCA)
  • Prime location close to schools, shops, and local amenities
  • Large 1,012 m² allotment offering ample scope for upgrades or additional shedding
  • Immediate income stream with no vacancy period

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Ensuite
  • Outdoor Area
  • Garage
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • Extra Storage (Shed/Linen)
  • Pet-Friendly
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8 and 8A Gould Street
Warracknabeal, VIC 3393
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Vertical aerial view — 8 and 8A Gould Street
8 and 8A Gould Street — Vertical Aerial  •  Warracknabeal, VIC 3393  •  Nearmap © 2026

Warracknabeal is a thriving regional town offering excellent amenities, quality schools, and a strong community atmosphere. Its strategic location provides easy access to local shops, healthcare, and transport links. The area is ideal for investors seeking growth potential and a stable rental market. With a mix of rural charm and modern conveniences, Warracknabeal presents a practical lifestyle choice. The region also offers scope for future development, making it a smart investment hub.

What is the current condition of the properties and are there any recent renovations?
The properties are well-maintained and move-in ready, with no recent renovations specified, offering a solid investment with minimal immediate upkeep.
Are there any restrictions or covenants on developing the land further?
Development potential is subject to council approval (STCA), and any restrictions or covenants should be confirmed with local authorities.
What are the ongoing costs associated with the properties?
Ongoing costs typically include council rates, maintenance, and property management fees, which should be clarified with the current owner or agent.
Is there scope for increasing rental income in the future?
Yes, there is potential to increase rental income through upgrades, additional shedding, or further development, subject to planning permissions.
Are there any known issues or defects with the properties?
No known issues or defects have been reported; a thorough inspection is recommended prior to purchase.
Are there any zoning restrictions or easements affecting the property? What are the future development plans or nearby construction activities that could impact the property? Are there any outstanding council or utility bills associated with the property? Has the property been affected by flooding or bushfire risks in the area? Are there any strata or body corporate fees applicable if additional structures are built?

8 and 8A Gould Street, Warracknabeal, Vic 3393 - More Details

$695,000

Type
House
Bedrooms
7
Bathrooms
2
Parkings
3
Area
1,012 m²

Price guide

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