172 Officers Lane, Southern Cross VIC 3283

Edwardian weatherboard on 1ha | 4 beds in Koroit zone | Bushfire overlay present | Last sold 2022 This property presents a distinct proposition as a substantial, character-filled home on a hectare of land within a school-zoned residential setting. Its competitive strength lies in the scarcity of large, titled parcels with established period homes in this area, serving buyers seeking space and heritage charm without complete remoteness. The blend of original features with updates suggests a liveable condition, positioning it for a family or professional couple valuing both character and practicality. The reliable fixed wireless NBN and 5G coverage support modern work-from-home needs, while the dual zoning for well-regarded local schools directly targets family demand. Decision hinges on the bushfire overlay, which imposes specific construction and insurance costs that must be factored into the holding economics. The indicative price range sits close to the 2022 sale price, suggesting limited nominal growth over the period and requiring scrutiny of any capital improvements made. The opportunity exists for a buyer to secure a property with a defined footprint and no heritage restrictions, allowing for future alterations or outbuildings subject to overlay provisions. The commercial logic is for a long-term occupant rather than a short-term trade; proceed only if the lifestyle utility justifies the overlay-related carrying costs and the price reflects a premium for the land size over recent comparable sales in the immediate locale.