Rarely does a property present such an exceptional combination of lifestyle, flexibility and income potential in one compelling offering.
Positioned in East Warrnambool on approximately 706m², this distinctive property brings together a spacious three-bedroom, two-bathroom main residence and a private, fully self-contained one-bedroom bungalow. Separated by a tall fence with an adjoining gate, the two residences enjoy genuine privacy and independence while retaining the flexibility to connect whenever desired.
It is a remarkably versatile arrangement that opens the door to a wealth of possibilities. Live comfortably in the main residence while generating income from the bungalow, create an independent retreat for family or guests, embrace multi-generational living or secure an investment offering more than one avenue for return.
The main residence provides three bedrooms and two bathrooms, with the third bedroom offering the flexibility to become a generous second living space if preferred. A large north-facing deck provides an inviting extension of the home, offering a relaxed setting for entertaining, outdoor dining or simply unwinding amongst established native trees and abundant birdlife.
Privately positioned at the rear, the fully self-contained one-bedroom bungalow elevates the property's appeal. Currently operating as a successful Airbnb, it offers an established short-stay accommodation opportunity, while being equally well suited to independent family accommodation or a more traditional rental arrangement.
For owner-occupiers, the proposition is particularly attractive. Enjoy the comfort and lifestyle of the main residence while the separate bungalow provides the opportunity to generate an additional income stream. For first-home buyers, it presents an innovative way to enter the market, with income generated from the second residence helping to offset the cost of home ownership.
From an investment perspective, the versatility is equally impressive. The two dwellings have a combined rental assessment of approximately $950 per week, while the established short-stay operations provide another income avenue to explore.
For those considering multi-generational living, the configuration is difficult to overlook. Parents, adult children or extended family can enjoy the warmth and convenience of living close together while each retaining their own private space, independence and sense of home.
The East Warrnambool location completes the offering, with East Warrnambool Primary School, a local café, milk bar and fish and chip shop conveniently close by, whilst the beach and Warrnambool CBD are within walking distance.
Ultimately, what makes this property so compelling is not simply that it offers two residences on one title, but the freedom those residences provide.
Live in one and earn from the other. Create a private haven for family or guests. Continue the established short-stay accommodations with the opportunity for walk-in, walk-out. Build a flexible investment around two separate dwellings or simply secure a property capable of adapting beautifully as your needs change over time.
One address. Two private residences. An exceptional opportunity to create a lifestyle, investment or family arrangement entirely your own.
PROPERTY HIGHLIGHTS
- Approximately 706m²
- Three-bedroom, two-bathroom main residence
- Flexible third bedroom or second living area
- Private, fully self-contained one-bedroom bungalow
- Established Airbnb operation
- Combined rental assessment of approximately $950 per week
- Excellent separation and privacy between the residences
- North-facing outdoor entertaining deck
- Established native trees and abundant birdlife
Convenient East Warrnambool location close to everyday amenities, the beach and Warrnambools CBD
