217 Princes Highway, Werribee VIC 3030
217 Princes Highway, Werribee VIC 3030
867m² freeway-front house | 4-bed family scale | mixed-use potential | high-visibility site | traffic trade-off
The property is distinguished by its land component. At approximately 867 square metres, the site is materially larger than typical villa or unit stock along this corridor, and the house itself is offered with four bedrooms, two bathrooms, and double-car accommodation. A level of exposure rarely found in quieter residential streets is provided by the highway frontage, and a dual-use scenario is therefore supported. Potential for medical or home business use and unit development is noted in the listing, all subject to approvals, so the site value carries meaningful optionality beyond the dwelling. The property is best suited to a family seeking generous space with future redevelopment potential, or to a buyer prepared to hold the house while investigating subdivision or mixed-use opportunities. The character is more commercial than a standard suburban pocket, but that is part of what makes the property uncommon.
The value may be influenced by the condition and presentation of the existing dwelling, which is only partially described. Traffic noise might be a consequence of the highway frontage, yet visibility is also created that could support a future business use. Planning outcomes for any unit development will depend on council approvals, zoning, and overlay controls, which have not been confirmed. The land’s redevelopment optionality should be weighed against the more limited appeal of a main-road setting for some owner-occupiers.
Detailed Independent Property Report prepared by PropCred Analyst team for 217 Princes Highway, Werribee VIC 3030
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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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: 155 Princes Hwy sold $680,000; 3/173 Princes Hwy sold $535,000 | Property Price Band: $750,000 to $850,000 | Value Drivers: land size, development potential, highway exposure
Bedrooms
6
Bathroom
2
Parking
2
Land
867m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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