4-bed family home | 700m² quiet court | large powered workshop | dual living zones | south Werribee convenience
This property presents a competitively strong offering for a family seeking space and utility in a settled location. Its 698m² allotment in a quiet court is a rarity against newer, smaller subdivisions, providing a tangible land bank. The extensive 341m² building includes a large powered double garage configured as a workshop with kitchenette, creating genuine dual-use potential for a home business or serious hobbyist. This configuration, combined with four bedrooms, two bathrooms, and multiple living areas, solidly targets the family buyer segment, offering more functional space than typical stock. Its zoning to established schools and freeway access reinforces its family appeal.
The decision hinges on reconciling its premium positioning against its age. The main risk is the capital outlay for updates, as a 1987/1995 build will likely require cyclical maintenance and potential system upgrades, costing the buyer over the hold period. The opportunity lies in the commercial logic of the secondary income or utility from the workshop space, which is not reflected in a standard residential valuation. For a buyer who values space over turn-key finish, this property represents a strategic hold, best utilised as a long-term family home that can accommodate work-from-home or enterprise.
Recent comparable sales nearby indicate a premium for larger, configured blocks.
– 2/19 Cootamundra Court, Werribee: 3b/2b/1c on a smaller block sold for $580,000-$630,000.
This underscores the value command of this property’s larger land size and four-bedroom, two-car configuration, supporting a price point significantly above the compact comparison.