20 Peterborough Rise, Werribee VIC 3030
20 Peterborough Rise, Werribee VIC 3030
Modern 3-bed family house | Newer estate pocket in Werribee | Strong first-home buyer appeal | Standard suburban configuration | Unconfirmed lot specifics
This property sits in a newer residential pocket of Werribee where detached family housing is the dominant stock type, and the configuration aligns with what the local market consistently absorbs. A three-bedroom, two-bathroom home with a single garage and modern finishes like ducted heating, floorboards, and an alarm system is the kind of straightforward, low-maintenance offering that suits first-home buyers and young families looking for a practical entry into an established growth corridor. The street itself shows a mix of recent builds and vacant land sales, which points to an area still maturing, and that can work in a buyer’s favour if surrounding development continues to lift the neighbourhood’s overall presentation. The property is best positioned for someone wanting a functional, contemporary house without paying a premium for extra space or upgraded fixtures they may not need.
The main value considerations here revolve around what is not yet confirmed, particularly the exact land size, aspect, and build age. A smaller parcel, say around 300 to 350 square metres, is common in this pocket and will naturally cap the property’s upside compared to larger lots elsewhere in Werribee. The single garage may also limit appeal for families with two cars or tradies needing storage, and that could narrow the buyer pool slightly. Orientation and natural light are worth checking in person, as a south-facing rear or limited street frontage might affect liveability more than the floorplan suggests. These factors may influence how the property compares against similar stock, but they are unlikely to be deal-breakers given the consistent demand for modern, affordable family homes in this part of Werribee.
|| Comparable Sales: 19 Peterborough Rise sold as vacant land for $310,000 in early 2024; nearby 3-bed house marketed in the low $500,000s | Property Price Band: $500,000–$600,000 | Value Drivers: Land size, build condition, street presentation, and proximity to local schools and transport
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Peterborough Rise, Werribee VIC 3030
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
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: 19 Peterborough Rise sold as vacant land for $310,000 in early 2024; nearby 3-bed house marketed in the low $500,000s | Property Price Band: $500,000–$600,000 | Value Drivers: Land size, build condition, street presentation, and proximity to local schools and transport
Bedrooms
4
Bathroom
2
Parking
2
Land
313m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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