16 Starboard Way, Werribee South VIC 3030

Waterfront development site | largest allotment in pocket | master-planned bay estate | vacant land with uninterrupted views This property represents a rare opportunity to secure the largest waterfront allotment within its pocket of the Wyndham Harbour estate, a master-planned community directly on Port Phillip Bay. Its competitive strength lies in this scarcity and its pure development canvas, offering a buyer complete control to build a premium residence capitalising on uninterrupted water views and immediate access to beaches and trails. This property serves a developer or an end-user seeking a bespoke waterfront lifestyle, distinct from the typical suburban stock in Werribee South. The primary decision hinges on committing capital to a development site amidst broader market conditions, with costs encompassing construction financing, council approvals, and time. The opportunity carries commercial logic for creating significant equity through a tailored build in a tightly held estate location. Proceed with a clear development timeline and budget; this property is a hold for construction, not a passive investment. Our analysis can provide real market valuation for vacant land, detailed checks on planning overlays and locality risks like erosion, and builder viability assessments. Recent comparable sales data for similar waterfront development sites in this specific estate pocket is not provided in the available information. The last sale of this particular property was in 2010, which offers no material benchmark for current value. This absence of direct comps necessitates a more nuanced valuation approach, focusing on premium lot size and position within the estate to establish a credible price.