31 Tyrone Street, Werribee VIC 3030

Large land in growth corridor | 3-bed house with dual living potential | Zoned for established schools | No overlays simplifies development This property presents a compelling opportunity based on its substantial 1097m² landholding in a Wyndham growth area, a configuration increasingly rare at this price point. The flat parcel with no bushfire or heritage overlays offers clear utility for a buyer seeking space or future subdivision potential, subject to council approval. Its zoning for Wyndham Park Primary and Werribee Secondary College provides stable tenant appeal for investors or a long-term foothold for families. The house itself, with three bedrooms and two bathrooms, serves as a functional dwelling while the land carries the intrinsic value, positioning it best for a buyer whose strategy capitalizes on land appreciation or strategic holding. Proceed with a disciplined focus on the land size discrepancy; due diligence must verify the title dimensions as the 1858m² figure would fundamentally alter the value proposition. The estimated rental yield of approximately 2.1% is marginal, indicating this purchase is not cashflow-driven but a play on capital growth tied to land value. The 2022 sale at $930,000 against a current estimate near $1.13m suggests tempered recent appreciation, demanding a precise valuation to justify the premium. Acquire this property only as a strategic land bank or a long-term family home, not for its rental income, and condition any offer on a survey confirming the parcel size.