3/88 Purchas Street, Werribee VIC 3030

3/88 Purchas Street, Werribee VIC 3030
| 2-bed unit, 164sqm land | 2002 build, low-maintenance | Werribee pocket, strong rental yield | study nook, oversized master | This property offers a rare configuration edge for its price point: a 106sqm internal footprint on a fully fenced 164sqm lot, providing genuine separation from typical apartment living. The oversized master with built-in robes and separate study nook appeal strongly to owner-occupiers seeking space without land upkeep, while the 4.3% suburb rental yield and $385โ€“$450 weekly rent range make it a viable hold for investors. Its positioning in a peaceful block of six units, with no overlay risks and proximity to Westgrove Primary (0.6km) and Wyndham Central Secondary College (0.8km), serves first buyers or downsizers well. The primary risk is the 23-year gap since last sale ($176,000 in 2003), creating uncertainty in capital growth trajectory despite strong suburb fundamentals,the 65% owner-occupier split supports stability but limits speculative upside. The single garage and split-system cooling (not ducted) may deter some families, though the low-maintenance courtyard mitigates this for singles or couples. Opportunity lies in the $440,000โ€“$442,000 estimated value range, which sits below the agent guide’s midpoint, suggesting room to negotiate below $420,000. Hold this property for steady rental income or as a low-cost entry into Werribee’s growth corridor, with NBN Fibre to the Node as a supporting amenity.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3/88 Purchas Street, Werribee VIC 3030
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Werribee presents as an affordable, family-oriented suburb with strong infrastructure and natural appeal, driving demand from value-seeking buyers. Recent price growth has moderated, with current conditions favouring purchasers. Significant ongoing development underpins future potential, though this growth trajectory has shown recent signs of plateauing.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

164mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat