5 Spiral Place, Officer VIC 3809

Large block in established pocket | FTTP and 5G ready | Strong rental yield | School catchment advantage This three-bedroom townhouse on a 4,026m² lot is a rare configuration in a suburban unit market, offering land content that typically commands a premium. The large parcel provides separation between neighbours and future subdivision optionality, while the Cardinia Council residential zoning supports potential for longer-term value uplift. The property sits within walking distance of Officer Primary School and secondary college, making it a strong fit for families seeking school catchment access without sacrificing space. The 80/20 owner-renter ratio in the immediate neighbourhood signals stable demand and limited rental turnover risk, which supports the estimated $580 weekly rent. The primary risk is the unit/townhouse classification on a large lot, which may limit financing options for some buyers and could complicate future subdivision without council approval. However, the land-to-dwelling ratio is unusually favourable for this price band, and the absence of bushfire, flood, or heritage overlays reduces holding risk. The 2020 purchase price of $499,500 provides a clear capital growth trajectory, and the current valuation range suggests room for negotiated entry below the upper estimate. Hold for land appreciation and rental yield, with subdivision potential as a medium-term exit strategy.