67 Rosella Avenue Werribee VIC 3030

Approval-ready for 4 townhouses | 1,667sqm block | 1985 house | walk to Pacific Werribee The buying case rests on the approved townhouse yield, which is the property’s strongest competitive signal. A 1,667sqm parcel with planning consent for four units over 17 squares each is rare in this corridor, and it removes the typical delay and uncertainty of a development play. The existing house can generate rental income during the approval period, reducing holding costs. This property suits a developer or an investor seeking a de-risked, staged project in a growth LGA with solid amenity access. The main risk is that the approved yield may be below current optimal density for the site, leaving some land value underutilised. The buyer should verify the permit expiry date and any conditions that could limit design flexibility. The rental return on the existing dwelling is modest, so the property is not a strong hold as a single dwelling. Commercial logic points to executing the townhouse build within the permit window or, if the buyer prefers a lower involvement, selling the approved plan to a builder. The correct use is as a development vehicle, not a long-term hold.