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Overview
1 & 3 Princes Court, Werribee offers a unique and substantial development opportunity in a highly sought-after and tightly held area of Werribee. This permit-approved site spans approximately 4,908 square meters across two titles, providing significant scale and flexibility for developers and builders eager to start their next project without delay.
The property includes approved plans and permits for the construction of 20 townhouses, effectively eliminating the usual time, cost, and uncertainty associated with the planning process. With these approvals in place, buyers can confidently proceed with development, focusing on delivery and capitalizing on favorable market conditions and strong buyer demand in the region.
Currently, the site features two existing dwellings, which offer potential holding income while development preparations are underway. This feature adds an extra layer of flexibility, allowing investors to generate short-term returns while planning their development timeline.
Strategically located close to key amenities such as schools, shopping centers, public transport, and major arterial roads, the area continues to experience steady population growth and increasing demand for quality housing. Opportunities combining scale, approval, and prime location like this are becoming increasingly rare in established suburbs.
For developers seeking a ready-to-go project with strong fundamentals and long-term growth potential, 1 & 3 Princes Court represents an exceptional chance to deliver a high-quality townhouse development in a proven growth corridor.
Disclaimer: All measurements are approximate and prospective buyers are advised to conduct their own inquiries to verify the accuracy of the information provided. The particulars and photos are for general information only and do not constitute any representation by the vendor or agent. Open home times are current at the time of publishing but may change; it is recommended to check the listing before attending.
Local Market Insights
In Werribee, Quiet Listings observed 8 new townhouses entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $604,875. The property type mix of listed properties is predominantly Houses at 82%, followed by land (7%), and townhouses (4%). One Agency was the most active agency in this area, representing 25.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Werribee VIC 3030
Market Insights for Werribee VIC 3030
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