6 Cottrell Street, Werribee VIC 3030
6 Cottrell Street, Werribee VIC 3030
6 Cottrell Street, Werribee is a standalone 3-bedroom, 1-bathroom house on a 536-square-metre lot with two parking spaces. It is an older single-story home, likely built in the 1980s or 1990s.
This property is competitively strong because it offers a private, standalone house with a substantial land holding in central Werribee, a suburb dominated by low-rise units and newer high-density complexes. The 536-square-metre lot provides rare expansion or redevelopment potential, and the location is walkable to Wyndham Station, shops, and the river. It best serves a family seeking a modest home with land, or an investor targeting a stable 4.5 percent rental yield from a private, non-social housing asset. The property sits in a residential zone with a development application for a 60-unit apartment project nearby, which signals growing demand for the area but does not directly compete with this house’s character.
What may materially affect the property’s value or sale price is the submitted development application for a five-storey, 60-unit apartment project at the same street address. This could increase local density and potentially alter neighbourhood character, which might appeal to buyers seeking future upzoning opportunities but could also deter those wanting a quiet, low-rise setting. The older construction lacks modern energy ratings, so heating and cooling costs may be higher than new builds. School catchment quality is below average, which might limit demand from families prioritising education. The property’s value is supported by its private land and central location, but the pending development should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Cottrell Street, Werribee VIC 3030
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
536m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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