Set on an expansive combined landholding of approximately 6,507m², this property offers the ideal combination of immediate cash flow and long-term development potential (STCA) - a formula highly sought after by astute investors and developers.
A separate 600m² (approx.) A portion of the land also features a fully renovated double-storey residence, with nearly $100,000 invested in quality renovations, delivering strong owner-occupier and investment appeal. The home offers 4 well-proportioned bedrooms, multiple spacious living areas, two undercover car spaces plus two additional off-street car parks, and a fully fenced backyard that overlooks the expansive 6,507m² (approx.) landholding, providing both privacy and an exceptional sense of scale with future upside (STCA).
● Separate 600m² (approx.) allotment with a fully renovated double-storey residence.
● Approximately $100,000 invested in quality renovations.
● 4 generous bedrooms.
● Multiple spacious living areas, ideal for families or flexible use.
● 2 undercover car spaces plus 2 additional off-street car parks.
● Fully fenced backyard with open outlooks across the expansive 6,507m² (approx.) landholding.
● Excellent owner-occupier or investment appeal, with future upside (STCA)
💰 Strong Holding Income from Day One
The site is already generating solid rental returns, allowing buyers to hold the asset comfortably while planning future development:
● North Portion of the land currently leased at $2,000 per month
● South Portion of the land is expected to be leased at $3000 per month
● Adjoining single-storey residence leased at $500 per week
● Combined income of approximately $5500 per month
This dual-income setup significantly reduces holding costs and enhances feasibility for future planning outcomes (STCA).
🏗 Development & Future Potential (STCA)
The scale, positioning and surrounding growth make this an outstanding candidate for a range of future uses, subject to council approval, including:
● Multi-dwelling or townhouse development
● Childcare or early learning facility
● Aged care or community-based use
● Service-based or mixed-use outcomes, including potential petrol station development
Opportunities of this land size with income already in place are exceptionally rare in established parts of Werribee.
📍 Strategic Growth Location
Positioned directly opposite the renowned Harpley Estate, the property benefits from:
● Strong and growing residential catchment
● Increasing demand for essential services and infrastructure
● Easy access to transport links and connectivity to Melbourne CBD
In line with State and Local Government planning frameworks, Werribee is forecast to undergo substantial expansion, evolving into a major business and employment hub of Victoria's west.
🔑 Key Takeaway
Secure the income today. Unlock the potential tomorrow.
This is a rare chance to acquire a large, flexible site with immediate rental return, positioned in a location where growth, demand and opportunity converge.
Astute investors and developers are strongly encouraged to act promptly.
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
