3/247-249 Heaths Road, Werribee VIC 3030

3/247-249 Heaths Road, Werribee VIC 3030
2-bed unit on Heaths Road | compact low-maintenance format | strong first-home and investor appeal | main-road exposure This unit is positioned on Heaths Road, a busy corridor where older houses and mixed-use stock sit side by side. Its compact layout is best understood as a low-maintenance option for buyers who want an accessible location without the upkeep of a detached house. Demand from first-home buyers and investors is supported by the price point, and downsizers are also served well by the modest footprint. The main-road address is the defining trade-off: convenience is gained, but quiet-street appeal is reduced. All things considered, the unit is best suited to a buyer who values affordability and access over retreat-like amenity. The main-road location may be seen as a value factor, given traffic exposure and limited street appeal. Condition and interior finish will matter most: a dated presentation might narrow the buyer pool, while an updated interior could support a stronger outcome. The compact design may cap value for family buyers, so realistic comparison should be made against other units rather than detached houses. These factors should be weighed against the convenience premium.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3/247-249 Heaths Road, Werribee VIC 3030
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ! 1
Execution Risk ✕ 2
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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: 2/353 Heaths Road (older 2-bed unit); 3/271 Heaths Road (compact 2-bed unit) | Listed Price Band: $470K–$510K | Value Indicator: condition, layout, main-road exposure

Bedrooms

2

Bathroom

1

Parking

1

Land

146m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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