66 Alfred Road, Werribee VIC 3030
66 Alfred Road, Werribee VIC 3030
4-bed family house | dual living zones | Riverwalk school zone | 400sqm block with 214sqm build | 5m ceiling height noted
This property offers a rare configuration edge for Werribee: the dual living areas on a compact 400sqm lot with 53% site coverage signal efficient design for modern family use, not wasted space. The 5m roof height and 19m ground elevation detected via satellite suggest structural potential for future loft conversion or solar positioning, which a savvy buyer can leverage. It serves best a family seeking zoned access to Riverwalk Primary and Werribee Secondary College without heritage or flood overlays, giving clear planning certainty.
The key risk is the 2017 purchase price of $256,400, which may indicate deferred maintenance or cosmetic age that a buyer must verify through pre-purchase inspection. The nearby 46 Alfred Road sale at $685,000 provides a recent comparable, but the rental yield at $485pw median is modest for a 4-bedroom house, so the hold strategy should prioritise owner-occupier value over investment return. Use this property as a long-term family home with potential to add value through interior updates, not as a short-term flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 66 Alfred Road, Werribee VIC 3030
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
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
4
Bathroom
2
Parking
2
Land
400m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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