58 Starboard Way Werribee South VIC 3030

58 Starboard Way Werribee South VIC 3030
Luxury coastal double-storey | Porter Davis design | 5-6 beds, 5 baths | Direct private beach access | 515mΒ² bayside lot. This property presents a rare, high-specification coastal offering in a tightly held pocket, distinctly positioned against Werribee South’s typically older housing stock. Its Porter Davis design, expansive living zones, and uninterrupted ocean views cater specifically to large or extended families seeking a permanent luxury lifestyle or a premium holiday home, with the private pathway to the beach providing a unique and tangible lifestyle advantage. The flexible layout and high-end finishes solidify its standing as a superior built-form in the locale. Primary decision factors centre on its low ground elevation absent a formal flood overlay, presenting a tangible risk mechanism that will impact insurance premiums and long-term resilience. The varied and elevated price guides indicate a market testing premium for this atypical property, suggesting a hold strategy as a principal residence to fully capitalise on its lifestyle attributes is more logical than a short-term investment. A Propcred report would ground its valuation in precise comparable sales, clarify locality flood modelling, and benchmark expected insurance costs. Recent comparable sales data is limited, with the property itself last selling for $540,000 in May 2016. This lack of direct, recent comparisons for a house of this calibre in the area necessitates a highly customised valuation approach, as the market must establish a new benchmark for such a distinctive offering.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Werribee South presents as a semi-rural enclave positioned southwest of Melbourne’s core. Demand is driven by investor interest, supported by rental yields that compare favorably to metropolitan areas, alongside steady sales activity. Recent price trends show notable volatility, with house values experiencing divergent growth signals. Market conditions are characterized by extended selling periods for houses, indicating potential demand imbalances. Future growth may be anchored to its relative affordability and rural appeal, though this same market segmentation and price volatility present key constraints to consistent capital appreciation.
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PropCred Estimated Value

Bedrooms

6

Bathroom

5

Parking

4

Land

515mΒ²

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