2 Tamarind Cres, Werribee VIC 3030
2 Tamarind Cres, Werribee VIC 3030
2-bed townhouse | 2 bath + courtyard | 551–552 m² parcel | rent-ready at $450/wk | Wyndham school zone
This townhouse offers a genuinely uncommon balance: a compact two-bedroom layout with two full bathrooms and secure parking, sitting on a land holding far larger than typical for its type. The combination of courtyard, ducted heating, and split-system cooling gives it a complete, low-maintenance package that appeals strongly to investors, first-home buyers, and downsizers who want house-like land without the upkeep of a detached home. Its position within an established residential street in Werribee, zoned for Wyndham Park Primary and Central Secondary, reinforces steady family-oriented demand, while the dual-bathroom configuration gives it a clear edge over older 3/1 houses nearby that lack equivalent amenity.
The reported land size inconsistency between 551 and 552 square metres suggests either a unit entitlement or a larger-than-typical townhouse parcel, which may support future subdivision potential or simply reflect a generous footprint—buyers should verify the title plan. The rental figure of $450 per week aligns with current market expectations, implying a gross yield around 4.4% based on the estimated value, which is reasonable for the area. The lack of direct same-type sales on the street means pricing relies on broader townhouse comparables, so condition and presentation at inspection will carry more weight than usual in forming a final view.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Tamarind Cres, Werribee VIC 3030
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
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: 17 Tamarind Cres (3/1/2, 350 m²) sold $299,500 in 2015; 56 Tamarind Cres (3/1/4, 573 m²) sold 2025, price withheld | Property Price Band: $500K–$600K | Value Drivers: land size, dual bathrooms, rental readiness, school zoning
Bedrooms
3
Bathroom
1
Parking
2
Land
531m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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