11 Jowett Rise, Officer VIC 3809

5-bed new build in Officer Fields | large 448m² block | dual living zones | leased at $680pw | flood overlay present This property presents a competitively strong offering for a growing family, providing a modern, large-format home in a sought-after pocket. Its five-bedroom layout with multiple living zones is rare for new builds in this area, offering immediate functional superiority over typical smaller-lot stock. The established rental lease demonstrates solid tenant demand, locking in yield from day one for an investor, while the high-quality finishes and generous proportions cater directly to owner-occupiers seeking space and modern comforts. The primary decision factor is the flood overlay, which necessitates specific due diligence on insurance premiums and potential future resale constraints. The quoted price range appears to sit above some automated valuations, demanding validation against true recent sales. For a buyer, the commercial logic is clear: secure a near-new, low-maintenance home in a family-focused estate, but only after a professional valuation confirms the price. A Propcred report would ground your offer with a real market valuation and clarify the practical cost of the flood overlay for insurance and locality risk.