15 Pinecone Court, Werribee VIC 3030
15 Pinecone Court, Werribee VIC 3030
Large family block | Court position | Pool and multiple living zones | 4-bed, 2-bath detached house | Established Werribee pocket
This is a genuinely rare find for Werribee, where most current stock trades on much smaller parcels. The roughly 710 square metres places it well above the typical 260 to 300 square metre blocks seen in newer developments, and the court setting adds a quiet, low-traffic feel that families tend to prize. With four bedrooms, two bathrooms, and an in-ground pool, the property is built around everyday family use rather than compact convenience. Multiple living zones give it a functional separation that many modern builds lack, and the outdoor entertaining area extends the usable space through warmer months. This house will suit buyers who want room to grow, space for children to play, and a genuine backyard without leaving the suburb. It competes less with new townhouses and more with older, land-rich homes that hold their value through scarcity of land.
The absence of a confirmed build year and internal finish details means condition could vary noticeably, and that will likely shape how the property is priced relative to its land value. A buyer might be paying for the block and the pool more than for the house itself, so renovation potential should be weighed carefully. The nearby sale of 5 Pinecone Court at $480,000, also a four-bedroom home on roughly 720 square metres, offers a useful reference point for the pocket. The larger land size, family-oriented layout, and pool are the main value drivers here, with the court location adding a premium for quiet. The price band is likely to sit between $600,000 and $700,000, though presentation and condition will determine where within that range it lands.
|| Comparable Sales: 5 Pinecone Court sold $480,000 for 4-bed on 720m² | Property Price Band: $600K–$700K | Value Drivers: land size, pool and outdoor living, court position
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Pinecone Court, Werribee VIC 3030
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Werribee is an affordable, family-friendly suburb positioned near the coast with efficient CBD commutes and ample schools, parks and retail. Demand is driven by owner-occupiers and investors attracted to its urban-amenity-plus-natural-setting balance, though growth has flatlined over three years. Median house price is $645,000 with 5.39% annual growth; units are $460,000 at 6.98%. Homes sell in 25 days, with 1,119 house sales in the past year, reflecting steady turnover. Gross rental yields are modest—houses 3.76%, units 4.78%—with weekly rents of $460 and $425. Vacancy sits at 2.03%, indicating balanced rental demand. The -2.89% vendor discount signals a buyer’s market, while significant local development positions the suburb for future gains, tempered by a recent price plateau.
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PropCred Estimated Value
Comparable Sales: 5 Pinecone Court sold $480,000 for 4-bed on 720m² | Property Price Band: $600K–$700K | Value Drivers: land size, pool and outdoor living, court position
Bedrooms
4
Bathroom
2
Parking
2
Land
710m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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