65/5 Starling RoadOfficer VIC 3809
Property Details for 65/5 Starling Rd, Officer
65/5 Starling Rd, Officer is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2016. The property has a land size of 424m2 and floor size of 186m2.
Last Listing description (May 2021)
Stonebridge Property Group is pleased to present for sale Lots 1, 4 & 5 Starling Road, Officer, a premium 12 hectare* residential development opportunity centrally positioned in one of the fastest growing suburbs in Melbournes south-east growth corridor.
The property provides an astute purchaser the optionality for higher density development, such as townhouse, retirement living, or land subdivision. The centrally located site comes with the with added benefit of a favourable lot ratio of 25 lots to the hectare.
Key investment highlights include:
+ Expansive landholding with flexibility for residential subdivision, townhouse or retirement village development (STCA)
+ Exceptional lifestyle and amenity - only 920m* to Officer Train Station and surrounded by 3 existing schools, retail and sporting reserves
+ Mooted projects immediately surrounding the property include the Development Victoria owned Officer Town Centre, Starling Road State School site and Starling Road Neighbourhood activity centre site.
+ Flat and regular-shaped land with existing permits in place over a portion of the property
+ Boasting convenient access to the Princess Highway arterial the site offers a commutable 40-minute drive to the Melbourne CBD
+ Combined 580m* frontage to Starling Road allowing for flexible development outcomes
+ The Officer precinct has one of the fastest growing populations in Victoria, increasing 22% p.a.[1] between 2016-2019
+ Strong house price growth of 5.26% [2] over the past year, highlighting demand for new homes, land or retirement communities
[1] Source: ABS 2016
[2] Source: CoreLogic; data is reported to the period ending Nov 2020
* Approx.
Lots 1, 4 & 5 Starling Road, Officer VIC is for sale in-one-line, separately or any combination via International Expressions of Interest (EOI) closing 2pm AEDT on Thursday 1st April 2021. To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.
Julian White
+61 422 764 137
Dylan Kilner
+61 459 396 341
Chao Zhang
+61 411 625 068
Property History for 65/5 Starling Rd, Officer, VIC 3809
- 26 Feb 2021Listed for Sale Contact Agent
- 17 Mar 2017Listed for Sale Not Disclosed
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About Officer 3809
The size of Officer is approximately 27.9 square kilometres. It has 23 parks covering nearly 4.3% of total area. The population of Officer in 2011 was 1,760 people. By 2016 the population was 7,147 showing a population growth of 306.1% in the area during that time. The predominant age group in Officer is 30-39 years. Households in Officer are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Officer work in a professional occupation. In 2011, 80.8% of the homes in Officer were owner-occupied compared with 72.3% in 2016.
Officer has 13,247 properties. Over the last 5 years, Houses in Officer have seen a 31.91% increase in median value, while Units have seen a 23.34% increase. As at 31 October 2024:
- The median value for Houses in Officer is $779,082 while the median value for Units is $545,294.
- Houses have a median rent of $585 while Units have a median rent of $520.
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