69 Greaves Street S Werribee VIC 3030

Large land parcel in established street | Three-bedroom house with three-bathroom configuration | Positioned above suburb median in scale and price | Recent comparable sale suggests market variance This property presents a strong case for a buyer seeking a substantial land holding with an above-standard bedroom-to-bathroom ratio in Werribee. Its 532m² allotment is a significant differentiator from typical suburban stock, and the three-bathroom layout offers immediate functional utility for a larger household or future reconfiguration. It serves a buyer prioritizing land size and internal convenience over suburb-median pricing, positioning for long-term land value accrual or a tailored renovation. The primary risk is the substantial premium demanded relative to recent street-level sales evidence, introducing immediate equity risk in a softening or stable market. The commercial opportunity lies in acquiring a scarce larger parcel, provided the price aligns demonstrably with its utility over a standard lot. Secure this property only at a price reflecting its tangible land premium over recent comparable sales, not its aspirational listing range. Recent sales on Greaves Street South provide essential context. A nearby three-bedroom, one-bathroom house at number 42 sold for $670,000 in September 2025. This underscores the significant price variance the subject property’s larger land and extra bathrooms must justify, anchoring value inferences to concrete street data rather than suburb-wide medians. A PropCred report would pressure-test this valuation gap, detail locality-specific risks, and verify insurability for a property of this age and configuration.