5 Vita Place, Officer VIC 3809

5 Vita Place, Officer VIC 3809
4-2-2 double-storey | separate title, no body corporate | 240m² low-maintenance block | premium finishes | best fit: first-home buyers, young families A separate title with no body corporate is offered by this compact double-storey house on a 240m² allotment. The layout maximises usable space, with four bedrooms, two bathrooms, a powder room, and a double garage with rear roller access. An interior specification above entry-level is provided, including stone benchtops, 900mm appliances, ducted heating and cooling, square-set ceilings, and floor-to-ceiling bathroom tiling. First-home buyers and young families are best served by this low-maintenance design within an established residential setting. The small land size might limit future extension options, but the two-storey configuration already delivers substantial living space. The lack of body corporate and separate title provides ownership certainty and lower ongoing costs. Condition and presentation are likely to be value-defining, as is the efficiency of the internal layout. The trade-off between a smaller block and the convenience of a move-in-ready house should be weighed. >> Comparable Sales: 5 Freshwater Place Officer land sold $490K; 504m² titled land sold $516K | Property Price Band: $800K–$900K | Value Drivers: condition, layout efficiency, separate title
Detailed Independent Property Report prepared  by PropCred Analyst team for 5 Vita Place, Officer VIC 3809
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✓
Execution Risk ! 1
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Market Insight

Officer is an established outer-suburban market where the median house is $750,000, having risen 5.3% in a year, though this pace sits about 28% below the Melbourne average. Units are softer at $537,500, with values down 2.68%. Houses take roughly 27 days to sell, indicating moderate turnover. Demand is driven by professional couples with children and high mortgage exposure-about 80% of owners hold a mortgage-plus investors attracted to affordable entry points and a 12.3% surge in house rents. Rental yields are steady at 3.89% for houses and a stronger 4.95% for units. The key constraint is price growth underperformance relative to the broader market; tight rental conditions offer a buffer, but unit price weakness signals patchy demand.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

240m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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