40 Ure Road, Gembrook VIC 3783

40 Ure Road, Gembrook VIC 3783
Rural lifestyle premium | 1.2ha with panoramic views | Dual-living capability | Modern 7-year build | Premier sealed-road position This property presents a competitively strong offering within Gembrook’s rural residential market, defined by its modern construction, substantial improvements, and premier positioning on Ure Road. The combination of a 493m² building footprint, dual-living potential, and expansive mountain views creates a rare product that serves lifestyle buyers and families seeking exclusivity and space not found in typical older suburb stock. Its 6-car capacity and high-end finishes command a premium for a specific buyer profile valuing privacy and a turnkey rural escape. The decision hinges on accepting bushfire overlay implications and the lower rental yield typical for lifestyle properties, against the benefit of capital stability in a premier location. The property’s value is supported by its recent sale history, suggesting a resilient price floor. Acquire for long-term hold as a primary residence to fully capitalise on its lifestyle utility; its configuration is less suited for high-yield investment but offers solid value retention in its niche. Recent comparable sale: – 40 Ure Road, Gembrook: Sold December 2022 for $1,660,000. This transaction establishes a direct and recent benchmark, indicating the market has sustained this value level, supporting the current listing price range.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Gembrook is a sought-after rural village offering a boutique lifestyle, attracting established local families and trades professionals seeking space and amenity. Demand is driven by this demographic’s preference for character homes on larger parcels, though recent market conditions show a softening in sales volume and some price pressure. Future growth is underpinned by its intrinsic appeal as a forest-fringed retreat, yet sensitivity to broader economic conditions and a constrained turnover of available stock present near-term headwinds.

PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

6

Land

1.2 ha

Built

Recent Assessments