18 Furze Road Officer VIC 3809
18 Furze Road Officer VIC 3809
Vacant land | Officer Central | 392sqm block | Off-market | No flood or bushfire risk
This lot offers a rare entry point into a tightly held corridor of Officer Central, where the 392sqm block size is well-suited for a compact contemporary house or townhouse configuration. Its proximity to Kurrun Primary School and Officer Secondary College gives it a structural advantage for family buyers, while the absence of flood, bushfire, or heritage constraints removes two common cost and approval delays. For a buyer seeking a blank site in a growth corridor with established school catchments, this property provides a clean foundation with minimal latent risk.
The primary risk is the lack of recent sales data for this specific lot, which makes valuation dependent on comparable off-the-plan packagesโsuch as the nearby 294sqm house-and-land at $750,400โand may require a premium for the larger block. The off-market status limits negotiation leverage, and the buyer should budget for holding costs while tracking council timelines for subdivision or building permits. The commercial logic is straightforward: secure a serviced, risk-cleared lot in a suburb with strong demographic demand from younger families, and either build to hold for rental or resell post-construction. Hold this land as a medium-term position, not a flip.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Officer presents as a family-oriented suburb with a market driven by professional households seeking affordability. Demand is underpinned by strong rental growth, attracting investor interest alongside first-time buyers. Recent house price growth has been moderate, with a stable sales volume indicating consistent activity. Future prospects are tied to this sustained rental demand, though price appreciation has recently trailed broader metropolitan trends.