28 Scotsburn Grove, Werribee VIC 3030
28 Scotsburn Grove, Werribee VIC 3030
permit-ready corner site | Werribee CBD Activity Centre Zone | mid-rise apartment potential | 1,688 m² parcel
The permit approval in place for a mid-rise apartment outcome is this property’s strongest buying advantage, removing a layer of planning uncertainty that typifies comparable sites. Its Activity Centre Zone, corner frontage, and 1,688 m² scale together enable a mixed-use configuration-likely with ground-floor activation-in a CBD-adjacent position that commands visibility and pedestrian flow. This combination serves boutique developers or land bankers seeking a shovel-ready project in a growth corridor, with the permit reducing lead time and risk exposure significantly.
The principal risk lies in verifying the existing permit’s alignment with current market demand and zoning constraints, as mid-rise supply in Werribee requires careful absorption analysis. On the opportunity side, the corner exposure supports retail or commercial components that could lift yield, while ongoing infrastructure investment in the area strengthens long-term value. This property demands thorough due diligence on the permit’s conditions and feasibility, but its positioning and approvals mark it as a competitive entry point for development.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Scotsburn Grove, Werribee VIC 3030
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✓
Werribee VIC 3030
Werribee presents as an affordable, family-oriented suburb with strong infrastructure and natural appeal, driving demand from value-seeking buyers. Recent price growth has moderated, with current conditions favouring purchasers. Significant ongoing development underpins future potential, though this growth trajectory has shown recent signs of plateauing.
PropCred Estimated Value
Bedrooms
-
Bathroom
1
Parking
-
Land
1688m²
Assessments Delivered Today
6 Toos Close, Cooee Bay QLD 4703
Duplex holding | 4 bedrooms total | 762 m² | Walk to shops and beach | Dual-income potential What is competitively...16 Joshua Place, Oxenford QLD 4210
6 bed | 3 bath | 4 car | 603sqm lot | large family configuration | no confirmed build age...2/152 Kearney Street, Kearneys Spring QLD 4350
Contemporary low-set unit | 2014 build in small complex of three | Walkable to USQ | Boutique feel in a...20/50 Lakefield Drive, North Lakes QLD 4509
3 bed | 3 bath | 2 car | two living zones plus study | larger townhouse layout | 208m²...46-50 Long Street, Cleveland QLD 4163
4-bed lowset on 871m² | dual-street access with side access | renovated family home with pool | subdivision potential noted...18 Azure Drive, Rural View QLD 4740
3 bed vs 4 bed inconsistency | 545m² suburban block | last traded 2016 at $140k | family-house demand in...
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst