1 Station Street Officer VIC 3809

5-bed house on 1ha | No heritage overlays | Near Officer Station & highway | Not currently listed This property presents a rare, large-scale residential holding in a growth corridor, distinguished by its five-bedroom, four-bathroom configuration on over a hectare of land with no heritage restrictions. Its proximity to the train station and major highway provides a fundamental utility for a family or a buyer seeking space and connectivity, positioning it for long-term capital growth as the area develops. The scale is its primary advantage, serving a buyer for whom land size and internal accommodation are non-negotiable. The principal risk is valuation uncertainty, as the most recent sale was four years ago in a different market cycle, costing a buyer confidence in current price discovery. The significant gap between the last sale price and the current estimated range suggests market volatility or a specific value adjustment. Acquire only with a disciplined commercial logic that treats the land as the primary appreciating component. A professional property report would ground your offer in a real market valuation, provide a checklist for locality risks like future zoning, and assess insurance implications for a holding of this size. The comparable unit data at 1/10 Station Street, a 2-bedroom unit on 149m² valued around $514,000, is not a direct comparison but underscores the premium commanded by the subject property’s land mass and scale. This disparity confirms that value here is driven by land entitlement and size, not just accommodation.