113/34 Mcmullen Road Officer VIC 3809

Townhouse complex | smaller 128m² land | 2 bed, 1 bath, 1 car configuration | upper price band for its type. This property represents a compact, low-maintenance entry into the Officer market, suited for a first-home buyer or investor seeking established complex infrastructure. Its price positioning at the upper end of its band demands that its internal condition and finishes justify the premium against similar stock, as the land component offers limited future value uplift. The specific unit’s aspect, floor level, and renovation state are critical unseen factors that will determine if this price is supported. Proceed only if the video tour reveals above-average interiors or a premium complex position not reflected in the data; otherwise, the sold comparable at 177/34 Mcmullen Road for $540,000 suggests potential over-valuation. For a hold period, it will perform as a basic rental proposition, unlikely to outpace capital growth of larger land holdings in the area. A Propcred report would pressure-test this valuation against true recent sales and detail body corporate liabilities and locality risks specific to this complex. Nearby sales context: 177/34 Mcmullen Road, a direct comparable, sold for $540,000. This recent sale provides a concrete benchmark, indicating the subject property’s listing price may be ambitious without demonstrable superior features.