24 Furze Road, Officer VIC 3809

24 Furze Road, Officer VIC 3809
1.73 ha block in Officer | above-median value for area | 4-bedroom house | Bridgewood Primary and Officer Secondary zones | no overlays detected The buying case for 24 Furze Road rests on its rare 1.73 hectare lot, which positions it well above the typical residential offering in Officer. This land size provides a competitive edge for buyers seeking space, subdivision potential, or a lifestyle property within commuting distance of Melbourne. The property is zoned for Bridgewood Primary School and Officer Secondary College, which strengthens its appeal to families, while the absence of bushfire, flood, or heritage overlays reduces due diligence risk. The estimated value of $869,000 is above the local median, but the land-to-price ratio is favorable compared to standard 4-bedroom houses in the area. This property serves best for a buyer who values land banking, future development optionality, or a semi-rural setting with urban infrastructure. The primary risk is that the value premium reflects the large block, but the house itself may not command the same premium if it requires significant renovation. The property sits in a developing growth corridor, which means surrounding land use and infrastructure changes could affect privacy or amenity over time. For a buyer, the opportunity lies in holding the land for medium-term capital growth or exploring subdivision if council zoning permits. The commercial logic is straightforward: secure the land now while the area is still affordable, and treat the house as a secondary consideration. Hold this property for its land value and monitor Cardiniaโ€™s planning updates for future subdivision pathways.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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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.
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PropCred Estimated Value

Bedrooms

-

Bathroom

-

Parking

-

Land

430mยฒ

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