29 Edgar Street Werribee VIC 3030

| 717sqm corner block with rear laneway | bungalow and workshop | walking distance to Werribee River | zoned for Wyndham Central Secondary College | The buying case here is built on the combination of a 717sqm lot with rear laneway access and a 234sqm building footprint, which gives a buyer rare flexibility in a market where standard blocks rarely offer both. The existing bungalow, workshop, and undercover alfresco area mean the property already functions as a multi-use site, not a bare block. For a buyer who wants immediate family living with future subdivision or dual-occupancy potential (subject to council approval), this property positions them ahead of most comparables on Edgar Street. It serves best a buyer with medium-term development intent or a multi-generational household needing separate spaces. The primary risk is that the development potential is unapproved, and Wyndham Council’s requirements for laneway-access subdivisions can add holding costs and timeline uncertainty. The existing house, while functional, is not renovated, so an owner-occupier should budget for updates to kitchen and bathroom. The opportunity lies in holding the property for 3–5 years while the Werribee corridor intensifies, then either developing the rear or selling the lot as a separate title. Use the rear laneway and bungalow as immediate rental income or extended family space, and treat the main house as a long-term land bank with live-in yield.