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VIC › Werribee › Pennar Way

3 Pennar Way, Werribee VIC 3030

For saleHouse for Sale

$1,560,000–$1,630,000

For sale

Asking range

5

Bedrooms

2

Bathrooms

3

Car spaces

848 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,560,000–$1,630,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,560,000–$1,630,000(Listing record · 14 Aug 2026)
  • FactLand 848 m²; no building size recorded.(Property record)
  • CalculationAsk is 117% above the Werribee median recorded sale ($720,000, n=5, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Werribee's advertised median rent ($466/wk), implied gross yield would be 1.55% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,560,000–$1,630,000

Asking range · $1,840/m² of land

No recorded sale for this property.

Werribee at a glance

60,043

People

$720,000

Median sale

$466/wk

Median rent

3.37%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Werribee report →

Vs Werribee

+116.7%

Median sale

Suburb $720,000

-1.82 pp

Gross yield

Suburb 3.37%

Suburb median $720,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,560,000
Stamp Duty (Victoria)
$85,800
Transfer/Registration Fee
$3,614
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,653,114

$93,114 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Werribee's advertised median rent — not a rent for this listing.

Net yield
0.05%
Annual cashflow (pre-tax)
$-80,288
Interest cover (DSCR)
0.01
Annual rent
$24,232
Operating expenses
$23,400
Loan amount
$1,248,000
Annual interest
$81,120
Gross yield
1.55%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,560,000–$1,630,000available14 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $466/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Werribee in one glance

Werribee at a glance

60,043

People

$720,000

Median sale

$466/wk

Median rent

3.37%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Werribee report →

Keep researching

  • Why Werribee? Read the area thesis →
  • What else is on the market in Werribee →
  • Other records on Pennar Way →

Listing material

Listed by YPA Wyndham City

Exceptional entertaining meets Werribee's premier location

Showcasing elegance and contemporary sophistication, this exceptional residence at 3 Pennar Way, Werribee delivers a premium lifestyle of comfort, space, and exclusivity in one of the area's most desirable pockets. Designed with quality and attention to detail at its core, this home offers an elevated standard of modern family living.

From the moment you arrive, the home makes a striking impression with its commanding street presence and beautifully landscaped surrounds, setting the tone for what lies within. Step inside to discover expansive interiors where high ceilings and thoughtfully designed spaces create a sense of openness and luxury throughout.

Multiple living zones provide flexibility for both formal entertaining and relaxed family living, while the heart of the home is a designer kitchen equipped with premium appliances, stone benchtops, and generous storage-perfectly catering to those who appreciate both style and functionality.

Read the full description

Equally as impressive are the generously proportioned bedrooms, including a luxurious master suite complete with a private ensuite and walk-in robe. Two of the three remaining bedrooms are fitted with built-in robes and are all serviced by a sleek, well-appointed central bathroom.

Seamlessly connecting indoor and outdoor living, the home opens to an impressive alfresco area, equipped with electric shade blinds allowing for a fully enclosed extension of the indoor living space, ideal for entertaining guests or enjoying quiet evenings in a private yet stylish setting.

Positioned within close proximity to quality schools, parklands, shopping precincts, and easy freeway access, this prestigious address ensures convenience without compromising on lifestyle.

Key Features:

• Elegant, high-quality family home in a sought-after location

• Multiple spacious living and entertaining zones

• Designer kitchen with stone benchtops and premium appliances

• Luxurious master suite with ensuite and walk-in robe

• Generous secondary bedrooms with built-in robes

• Stylish central bathroom

• Office with the option of a 5th bedroom

• Ducted gas heating and refrigerated cooling

• Gas log fireplace

• Seamless indoor-outdoor flow with alfresco entertaining area, equipped with electric blinds

• Solar-heated swimming pool

• Gas-heated spa (Can also be used to heat the swimming pool)

• 8kW solar system

• Solar-heated hot water

• Three car garage

A statement of luxury and refined living, this is a rare opportunity to secure a truly exceptional home in one of Werribee's most desired locations.

(PHOTO ID REQUIRED AT ALL INSPECTIONS)

'At YPA Estate Agents, our service will move you'

Listing description written by James Christou, YPA Wyndham City — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.