31 Market RoadWerribee VIC 3030
Property Details for 31 Market Rd, Werribee
Last Listing description (August 2022)
Situated in the heart of the rapidly growing Activity Centre of Werribee sits this incredible investment / commercial opportunity. Currently in a fixed lease, returning a whopping $40,000 approx. per annum, this property offers commercial potential (currently a milk bar) with an attached residential premises.
Only a short walk to Watton Street Werribee CBD, Werribee Train Station and Currently zoned Activity Centre Zone Schedule 1 on a generous 700m2 (approx.), the opportunity is limitless. With an encouraged building zone height of 8 stories (stca) this allotment makes the ideal addition to the commercial / residential portfolio.
For further details contact George on 0402 658 335
Property History for 31 Market Rd, Werribee, VIC 3030
- 15 Jun 2022Sold for $1,020,000
- 07 Jun 2022Listed for Sale $1,000,000 - $1,100,000
- 26 May 2018Sold for $900,000
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0About Werribee 3030
The size of Werribee is approximately 42.7 square kilometres. It has 69 parks covering nearly 8.1% of total area. The population of Werribee in 2016 was 40345 people. By 2021 the population was 50027 showing a population growth of 24.0% in the area during that time. The predominant age group in Werribee is 30-39 years. Households in Werribee are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Werribee work in a professional occupation.In 2021, 63.80% of the homes in Werribee were owner-occupied compared with 65.40% in 2016.
Werribee has 29,860 properties. Over the last 5 years, Houses in Werribee have seen a 28.10% increase in median value, while Units have seen a 19.17% increase. As at 30 November 2025:
- The median value for Houses in Werribee is $681,853 while the median value for Units is $459,730.
- Houses have a median rent of $465 while Units have a median rent of $420.
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