28 Josephine Street, Werribee VIC 3030

Werribee | 4-bed house | bushfire overlay | rental demand | FTTP NBN This house presents a competitively sized family home in an established Werribee streetscape, with its dual living areas and high building coverage offering functional space on a standard lot. The consistent rental demand, evidenced by a comparable property leased at $500 per week, underscores its appeal to the investor or owner-occupier seeking a tenant-ready property. It serves a buyer prioritizing immediate yield over land appreciation, given the constrained land component. The primary risk mechanism is the bushfire overlay, which may incur future compliance costs and potentially restrict some buyers. The listing price ambitiously exceeds the top of its estimated valuation range, demanding disciplined negotiation anchored to recent sales. Proceed only if acquiring below the $710,000 valuation ceiling, positioning it as a long-term hold for reliable, if unexceptional, rental income. Recent sales on Josephine Street provide direct context: – 10 Josephine Street sold for $645,000. – 30 Josephine Street estimated at ~$690,000. – 44 Josephine Street listed at $675,000–$705,000. This data suggests the subject property’s current listing is priced at a premium to the immediate market. A realistic purchase price should align closely with the $690,000 upper benchmark set by nearby homes.