Bread and butter”, as defined online by www.thefreedictionary.com, can mean:
bread and butter
1. The essential, sustaining element, as in The quality of the schools is the bread and butter of town property values. This idiom alludes to a basic food, bread spread with butter. [c. 1700]
Within the walls of our Fairy Street office, you’ll often hear an excited salesperson explaining to the team that they have just listed for sale a “bread-and-butter” property. In our real estate terms, they are the homes that are always in demand, turn over readily, and at a price point that will appeal to many.
If you asked me to describe a bread and butter Warrnambool house, I’d probably tell you about a 3 bedroom house in an established area, especially sub-$300,000 but could be higher, something similar to what many of us have grown up in, a home that could make an ideal first or second home, or a sound investment property due to readily being able to find a good tenant at a decent return, and with not too much maintenance required.
They are properties that tend not to stay on the books for long because they are so popular. Many people, both consumers and agents, love to talk about the high-end, premium properties, and no doubt these are impressive and we love finding buyers for these ones too – but give me three or four “bread-and-butter” house listings over a million dollar mansion any day. We just know they’ll sell – and sell readily.
At a time where CoreLogic Property Data is now, for the first time in years, showing clear median price increases for Warrnambool, if past events prove to be a predictor for the future, bread and butter properties will tend to get snapped up and become harder and harder to find – and as demand increases so too should prices, hence rewarding those who get in early in the rising cycle.
Whilst the Wilsons Warrnambool & District Real Estate property menu is broad in price, property type, and distance, the purpose of this little article is to highlight a select handful of “bread-and-butter” houses that will likely not be on the books for too long!
- Like this $275,000 brick-and-tile ripper, with renovated kitchen, updated floor coverings and window furnishings, along with a single garage and large workshop, corner block in a popular West Warrnambool location (1 Pecten Avenue) – consisting of 3 bedrooms, good size lounge, plus the added bonus of an extra sitting/play area or study.
- South of the highway, handy to the CBD at 13 Westmore Street, is this renovated 3 bedroom home – one that you can literally move straight into and enjoy the classy modern bathroom, kitchen, and more. All for only $285,000.
- One a little bit out of the box with the added bonus of a look at the ocean from the rear of the house, is this new listing at 113 Verdon Street, listed at $315,000.