1/33 Quay Boulevard, Werribee South VIC 3030
1/33 Quay Boulevard, Werribee South VIC 3030
Ground-level townhouse in modern harbour complex | 2-car secure parking rare in this precinct | Direct marina square access with bay views | Alamanda College zone with strong rental demand
This property occupies a genuinely scarce position within the Werribee South market โ a ground-level townhouse in a modern complex that offers both secure parking for two vehicles and direct pedestrian access to the marina square. For buyers seeking a lock-and-leave coastal residence with genuine lifestyle amenity, the configuration eliminates the compromises typical of apartments: no stairs, no shared walls above, and private entry. The zoning for Alamanda K-9 College adds a demographic floor to demand, while the harbour proximity supports consistent interest from downsizers and professional couples who prioritise walkability over land area.
The principal risk is the shared land title โ 1.53 acres across the complex means owners corporation fees will apply, and any future special levies for marina-side infrastructure or building common areas could erode holding cost advantage. The absence of recent sales data suggests thin transactional evidence, making valuation more dependent on comparable rentals than direct comparables. However the rental history at $425โ$500 per week against a mid-range value of $480,000 implies a gross yield near 5 percent, which is strong for a coastal Victorian property. Buyers should treat this as a lifestyle-oriented holding with reliable income characteristics, not a land-banking play โ hold for steady rental return and lifestyle utility, not rapid capital gain.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Werribee South presents as a semi-rural enclave positioned southwest of Melbourne’s core. Demand is driven by investor interest, supported by rental yields that compare favorably to metropolitan areas, alongside steady sales activity. Recent price trends show notable volatility, with house values experiencing divergent growth signals. Market conditions are characterized by extended selling periods for houses, indicating potential demand imbalances. Future growth may be anchored to its relative affordability and rural appeal, though this same market segmentation and price volatility present key constraints to consistent capital appreciation.